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Analipsi, Corfu, Greece

€3,500,000

Set within acres of private land, this spacious 4-bedroom house offers the ultimate in indoor/outdoor living, with its numerous partly covered terraces, each with breath-taking views across to mainland Greece.

  • Main house with 3 double en-suite bedrooms
  • Sitting room with open fireplace
  • Open plan kitchen/dining room
  • Pool pavilion
  • Wi-Fi
  • Air conditioning in all bedrooms and the study
  • Guest cottage with 1 double en-suite bedroom
  • Study
  • 15m x 4.5m infinity swimming pool
  • Pool room with changing area, shower, WC and wine cooler
  • Ceiling fans in all bedrooms, living areas, covered terraces and pool pavilion
  • Security system

The main house comprises a large sitting room with a traditional Greek wooden ceiling, an open fireplace and French windows on each side opening to terraces. There is also a study with an open fireplace, two south-facing windows and a French window to a private terrace with pergola. The large open plan kitchen/dining room has French windows leading onto terraces on three sides.

There is one en-suite double bedroom on the ground floor with its own private terrace leading down to the olive groves and swimming pool. On the first floor, there is a further double bedroom with a dressing room, bathroom and large balcony and a twin bedroom with a shower room and balcony.

The separate guest cottage comprises a double bedroom (with space for an additional sofa bed), shower room, private terrace and direct access to the swimming pool.

From the house a stone path winds down through sweet smelling shrubs to the swimming pool, set within the grove of more than a hundred ancient olive trees. Here there is a pavilion with a covered seating area and a pool room with a changing area, shower, WC, wine cooler and sound system.

Amenities: - 15m x 4.5m infinity swimming pool with covered seating area and pool with room with changing area, shower, WC and wine cooler - Wi-Fi in all rooms and pool area - Ceiling fans in all bedrooms, living areas, covered terraces and pool pavilion - Air conditioning in all bedrooms and the study - Oil-fired central heating - Security system

Local Area: There are a couple of beautiful beaches (Dassia and Barbati) within just a short drive or boat ride of the villa and the small bay of Agni, with its excellent restaurants, is also close by. Within a 5-minute walk of the villa are several tavernas, restaurants and a supermarket.

Corfu Town is just a 20-minute drive to the south and the airport is just 25 minutes away. From Corfu Town, you can take day trips by boat to island of Paxos, the Greek mainland and Albania.

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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