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Peninsula Villa, Porto Heli, Greece

€12,000 Per Week

Peninsula Villa’s location is set in the prestigious area of Costa in the exclusive Greek Riviera on the east of Peloponnese, a few minutes away from the harbour of Porto Heli.

The villa offers a private dock capable of accommodating 2-3 boats, from which one can take a water taxi just a short ride away to the cosmopolitan island of Spetses. Peninsula Villa is the perfect luxury holiday retreat situated upon a beautifully vegetated private peninsula with its own exclusive beach, dock and heli pad.

Peninsula Villa boasts high standards of comfort and luxury. Walking through the grounds and lush green gardens, one can share happy moments in various sitting and dining areas, spread around the estate. These include a beautiful shaded area with a king-size bed -ideal for reading a book within the forest- an outdoor breakfast area among flowerbeds, a playground with swings and a BBQ area overlooking the island of Spetses. A few steps down, is the private sand and pebble beach with a sitting and lounging area with numerous sun beds, as well as canoes and pedalos, available for coast adventures. There, one can enjoy a meal with the sound of the waves hitting the shore in a tavernlike dining area with kitchenette and bar.

The main residence of the Peninsula Villa has a perfect match of style and comfort, enjoying exquisite panoramic sea views towards the island of Spetses. This magnificent setting is captured every minute from the living and dining areas inside and out. The house is split over three levels. The three en suite bedrooms are accessed from the garden level, whereas the master bedroom en suite with walk-in closet and large terraces is privately located on the uppermost level, with amazing sea views. On the ground floor, there are a living room with backgammon table, reading, TV and dining areas in an open plan, plus a fully equipped kitchen. Each common level has a guest WC and utility rooms.

The other two residences with lovely sea and garden views extend on three levels. Each residence comprises three fully furnished bright bedrooms en suite, a beautifully designed living and dining area and a kitchen. Both share an outdoor spacious sitting and dining area close to the swimming pool.

There are also three guest suites/studios in the Peninsula Villa. The Cave Guest Suite is inside the rocks with an outdoor space next to the sea. The other two guest suites are in the Observatory House high up on the cliff side with exquisite panoramic views of the private beach. Both rooms have a rustic naval feel and offer private serenity, as well as terraces perfect for sipping afternoon cocktails enjoying the view. Near the main entrance of the Peninsula Villa, there is a fully equipped staff house and a parking area next to the main entrance.

The whole house which sleeps 18 people can be rented or just the main house can be rented which sleeps 10-12 people. Prices are from €15,000 per week for the whole house and from €12,000 per week for just the main house during low season. During July and August, prices for the whole house are from €36,000 per week and from €31,000 per week just for the main house.

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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