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Vineyard Villa, Porto Heli, Greece

€2,500 Per Week

Vineyard Villa is situated in a wonderful serene landscape with mountain views. The villa is located in the exclusive Greek Riviera, known as Porto Heli, on the east coast of the Peloponnese, just a 3-minute drive away from the sea.

The Vineyard Villa is designed for luxury, comfort and naturalness, surrounded by a verdant green scenery made up with vines, olive groves and pine forest. This Tuscanlike estate becomes especially scenic during late afternoon, when the setting sun colors the whole hill.

The estate comprises three independent villas - the Basilico Villa, the Oliveto Villa & the Origano Villa. All of them are furnished in a Mediterranean style and fitted to a very high standard enjoying breathtaking views of the mountains. One can enjoy olive oil, fresh biological fruit and vegetables from the farm, as well as white or rose house wine, while wandering around the colourful vegetation of the Vineyard Villa.

Staying in the Vineyard Villa is a unique experience for those seeking a luxurious but natural experience. This country home offers the chance to pick olives and make your own olive oil (seasonal), to make fresh marmalade from hand-picked fruit, to enjoy the pomegranate harvest or pressing of the grapes in the traditional vineyard of the estate.

Just minutes away from the centre of Porto Heli, as well as several beaches along the coastline, this property is very conveniently located in providing numerous close proximity options, whilst at the same time offering absolute serenity and privacy in this secluded estate. It only takes a 10-minute boat ride to arrive at the cosmopolitan island of Spetses for a beautiful escape.

Prices from €2,500-€2,750 per house per week during low season and from €3,850 per house per week 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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