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Seascape Villa, Porto Heli, Greece

€6,000 Per Week

Newly elegantly built, minimally designed house of nine bedrooms in total - five in the Main House plus three in Guest House & one Guest Garden Suite - is surrounded by a beautiful garden with pool and panoramic sea views.

This modern estate is located in the exclusive ‘Greek Riviera’, called Porto Heli. Just a 3-minute walk away from the sea, the property offers tranquillity and peace with amazing views of the sea and the scenic island of Spetses. A prime location set in the prestigious area of Costa, close to the wellknown village of Porto Heli with various eateries, cafes and shopping preferences and 10-minute boat ride to the cosmopolitan island of Spetses.

The Main House consists of a two-storey residence with excellent panoramic views of the sea and lush garden. On the top floor, the master bedroom is a suite with bedroom sitting area, bathroom, WC, dressing area, kitchenette and spacious private terrace enjoying great sea views. The other three bedrooms are beautifully designed overlooking the garden. The modern kitchen caters a bright open/closed space with living and dining room overlooking the garden. The inside extends to a serene terrace with the pool and outdoor sitting, dining and lounging areas.

The Guest House, consisting of three bedrooms on garden level, offers a guest suite with bedroom sitting area, bathroom, kitchenette adjacent to a double bedroom en suite. An independent studio for staff or further guests is adjacent. Moreover, the Guest Studio provides a pleasant accommodation among the inspired colourful garden.

Also, the villa’s gardens, full of flowerbeds, shrubs and trees, create a wonderful landscape. A dining and BBQ area is set upon the lawn overlooking the sea.

Just a short walk from the beach, this wonderfully furnished villa is available for long or short term lease and will include cleaning, gardening, pool maintenance and amenity expenses.

Prices from €6,000 per week during low season and from €10,000 in 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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