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.
It is would be best to have these documents with you when you come to view property, otherwise you will need to return to Skiathos solely to open a bank account.
If you intend to live here for long periods (or retire here) you must import sufficient funds on a regular basis so that the tax man is happy that you are not earning money in Greece.
If you are buying property in joint (or more) names, the bank account should be opened in both (or all of these) names.
No, unless you decide to live here on a more permanent basis.
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, etc.
You are obliged by Greek law to have a lawyer as a witness to the signing of the contract. The 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% (including 16% 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 13 & 16% of the actual
Yes, once you have acquired property, you will need to declare it to the tax authorities and you will have many difficulties if you do not use an 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 you purchase your property.
On 28/1/2008 the president of Greece signed into law the new tax law No.
3634 for the year 2008
within which, in article 5, the government replaces the existing property
tax with a new, yearly, single
You will need the services of a civil engineer to make the plans and apply for building permission. 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 and labour (to prove that VAT has been paid), and 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.
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.
It depends on the size and location of your building but the local taxes are very light and an average would be around 200 to 400 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.