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Beachfront Villa, Porto Heli, Greece

€9,000 Per Week

At the entrance of charming Porto Heli bay, a picturesque sea-side town on the peninsula of Argolida, Eastern Peloponnese, lies this peaceful villa, just a few minutes drive from the town and 10 minutes away by sea taxi from the cosmopolitan island of Spetses.

It is situated on one of the most stunning coasts of Peloponnese with a private, white and thin pebble beach and its own dock; large or smaller boats can be accommodated in this private dock that offers a great advantage and freedom in the exploring of this unique for boating coastline.

This luxury villa is accessed along a private gated drive that leads to a 5.500 m2 garden, a swimming pool with a panoramic sea view, a large shady pergola with dining and sitting room, a stone barbeque and private parking for several cars.

In absolute harmony with the architectural Mediterranean style of southern Greece, the fully - furnished villa is built on five levels with an orientation to beautiful sunsets and shaded during the hotter hours of the day.

Decorated in a contemporary interior design, with classical pieces, elegant furniture and newly renovated bathrooms in modern, minimal style, this 750 sq-m villa affords two extremely spacious master bedrooms with amazing views to the sea and private verandas, as well as six further bedrooms for the accommodation of family and friends. Tranquil colours, fabrics and furnishings create a simple yet elegant style throughout. Leisure is guaranteed in the home cinema room, the mini gym and sauna in the lower level, or the backgammon table in the main living room and the table tennis and bar in the playroom. All areas are provided with air conditioning, telephone, television, DVD, internet ADSL and WI-FI zone. A gardener and pool person will take care of all exterior areas.

LAYOUT

Outdoors: Sitting and dining area, garden and swimming pool

Lower ground floor: Home cinema room, gym, sauna, Bathroom.

Ground floor: Sitting area, TV room/playroom with bar and table tennis. Independent guestroom with double bed and en suite bathroom.

Main floor: Entrance hall, living room, dining area, guest bathroom, kitchen, two staff rooms with own bathroom and kitchen.

Second floor: Total of 5 rooms: Two en suite double/twin bedrooms, one single bedroom en suite, one large master bedroom en suite with wonderful views to the bay. One TV room that can be converted to a single bedroom.

Third floor: Master bedroom with en suite bathroom and private terrace, views to the bay.

An elevator connects all four levels.

Beach House : One guest bedroom with bathroom with sea view by the beach.

Prices from €9,000 per week during low season and from €25,000 per week during July and August

A BUYING GUIDE TO GREECE

If you’ve found a beautiful property to buy in Greece, the buying process itself is a well-trodden path. With good legal advice, it shouldn’t hold any surprises.

Firstly, three basic formalities:

  • You need to register any funds with the Bank of Greece that you’re bringing into the country to make your purchase, and gain their permission to proceed. You may also need to open a Greek bank account, for the funds to pass through.
  • You will need an ‘AFM’tax registry number from the Greek tax authorities.
  • If you’re a non-EU national, take the precaution of checking that you are allowed to buy your planned property. You are unlikely to get permission if it is located in a sensitive area, such as near a military installation or a national border. On certain Greek islands, you may also need the permission of its local council.

 

With these obstacles out of the way, the normal buying procedure begins.

Step 1: Find a lawyer and make your offer

Naturally, you need a specialist lawyer with local knowledge to help you navigate the buying process.

This begins with making your offer for the property. If it’s accepted, both parties sign a purchase agreement, which you instruct your lawyer to draw up. This process is overseen by a public Notary, who is an independent legal official.

With your finance in place, your lawyer carries out checks on the title deeds, and makes sure there are no issues attached to the property, such as loans secured on it, or that it is located on an archeologically sensitive site.

Step 2: Complete

When the final contract meets everyone’s satisfaction, it is then signed by you (or your appointed legal representative) and the vendor, in front of the notary.

The notary will need to see:

  • All official documents relating to the sale
  • Your valid passport, AFM tax number, and any special permission to purchase (if applicable)
  • Proof that the seller has complied with all required conditions
  • Evidence that the transfer tax (similar to stamp duty) has been paid
  • That all other fees, taxes and charges are settled.
Costs

You will need to budget for various taxes, charges and fees – typically, up to 8-9% of the purchase price.

As the buyer, you pay:

  • Transfer Tax at a flat rate of 3%
  • Land registry costs of approximately 0.475% (+ VAT @ 23%)
  • Notary fees of 1% on the first €120,000 of value, and on a decreasing scale to 0.65% on a value of €380,000 - €2 million (+ VAT)
  • Your own lawyer’s fees are by arrangement (subject to a minimum laid down by law), and may typically range from 1% on a property value of up to €44,020, and then on a decreasing scale to 0.4% on a value above €1,467,351
  • The buyer’s share of the estate agent’s fee at between 1-2.5%. This is often already included in the overall asking price, so do check first.

 

Please note: This article reflects Aylesford’s current understanding of property legislation in Greece. It is offered for general guidance only; specialist legal and tax advice should always be taken for any property transaction.

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