Yes, anyone who has a valid passport and sufficient funds :o) can buy property in Skiathos.
You will always have to import sufficient money
to cover the purchase of the property, the notary's fee,
lawyer's fee, Records Office fee, and the purchase tax.
How do I open a bank account Greece?
No, unless you decide to live here on a more permanent
How long is a piece of string? A minimum of 2 months from the time a verbal agreement has been made between purchaser and vendor. This can stretch to several months if there are issues such as road access, unclear title to the property, legalisation issues, etc.
You are no longer obliged by Greek law to have a lawyer to act for you. However, you would be well advised to have one to check the provenance of the property, and to check that the Notary has all the transfer papers in order. The lawyer's fee is around 1% of the contract price of the property. Included in this will be a search through the public records to make sure that the property is free and clear of any debts, mortgages, and other potential problems.
You would be well advised to use the services
of a reputable agent. (Who is reputable? Ask around...Skiathos
is a small island and it will become very quickly apparent who
can be trusted and who not).
Between 2 and 3% (+ VAT) of the actual purchase price. Usually 3% if you are a non Greek as extra paperwork and organization will then be involved.
In total, anything between 8 & 10% of the
actual purchase price.
Yes, once you have acquired property, you will have to declare it to the tax authorities and you will have many difficulties if you do not use an accountant. Practically, you will not be able to keep your Greek tax affairs in order without a local accountant. As long as you can prove that you didn't earn the money to purchase the property in Greece, you will not be liable for income tax. Your tax declaration is made the year after the year in which you purchase your property.
If you wish to let your property, you must register with the Greek Tourist Organisation, declare the income you make, and pay income tax in Greece. We can help with obtaining your registration papers.
Tax laws have been changing recently due to pressure from the Troika. There is a property tax to be paid every year, but it is not (yet) a lot of money. Your accountant will be able to give you the latest information.
If you have never made a tax declaration that you own property in Greece YOU MUST do so now.
You will need the services of a civil engineer (and possibly an architect) to make the plans and apply for building permission. We provide these services. Building permission can be fairly costly as the Greek Government is anxious to get its hands on as much money as possible. Whilst building, care must be taken to keep all receipts for materials (to prove that VAT has been paid) and for labour. Social insurance for the labour must also be paid. You would be well advised to take a reputable builder for this as otherwise you could end up in a nightmare of Greek bureaucracy. We can advise on this as well.
It depends very much on the location, difficulty of access of your site, and whether you want standard materials, tiles, etc. or are prepared to pay (or import) top quality materials. A rough average (including building permission) is 1,400 Euros per square metre (approximately 10 square feet) for good quality, standard building materials. Building permission and landscaping are extra.
It depends on the size and location of your building but the local taxes are very light and an average would be around 300 to 600 Euros per year depending on the size and location of your property. Local rates are light too and are paid through your electricity bill so you don't really notice them. This bill also includes your TV and Radio license.
If you are not here for much of the year or will
be absent during the building of your villa or house, you would
be advised to have someone in Skiathos who can look after your
interests, keep an eye on construction work and pay bills as necessary.