Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Property in Greece Gets a Chance by Investors

By Greekexchange Subscribe to RSS | January 3rd 2012 | Views:
loading
 
  



Until now, Greece has been a significant location for holiday homes. People from all over the world purchase and rent holiday villas in this beautiful country so that they can spend their holidays in Greece with most fun and ease. However, with growing taxes on Property in Greece, more and more owners of these holiday villas are planning to sell them. However, this change in market has now provided many foreign investors with an excellent opportunity of benefitting in a real property bargain. This is bringing in new property seekers to the Greek property market despite of the rising property taxes in the country.

In the past few years, Greek property market has experienced a major fall with Houses for Sale Greek losing an investment up to 75% and villas for sale suffering loss up to 40%. The new property taxes prevailing are the major reasons behind this property market to suffer all these losses. But, considering the other aspect of this deal, the upper hand buyers in this case have been able to get this property at best price negotiation. Since, the old owners are highly interested in selling their properties there is also a vast variety to choose from at best locations.

Despite of the fact that most of these properties and House for Sale Greece belong to high demand markets, the growing property taxes of Greece has made them available at very low prices. The popular island properties available amongst the Greek property are also attracting many overseas buyers as such properties prove out to be suitable for people with rental income as well as annual holidays. People buy such properties and sell or rent them further so that it could provide them a great deal of return on the investment made.

Excluding the advantages provided by Greek property, there are also many formalities and legal work attached to it that should be considered well. For purchasing a property on Greek islands, the buyer has to obtain a Greek tax number as well as a Greek bank account. The legal fee involved in the whole process turns out to be 1.5% to 2% on the purchase price. Moreover, a notary or solicitor has to be brought into use. The rates of these solicitors are fixed at 1.2% and the VAT involved in it is 23% for new properties. The resold properties in this case carry a transfer tax of 10%.

Greekexchange - About Author:
The author is an experienced Content writer and publisher for Business Development. Visit at http://www.greekpropertyexchange.com/ to know more about Property in Greece, Houses for Sale Greek and House for Sale Greece.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/management-articles/property-in-greece-gets-a-chance-by-investors.htm

Related Management Articles Subscribe to RSS

Combine a Directpvcwindows.com Voucher with a sale results to maximize saving
Published by Gayathri Baladevi on August 21st 2012 | Business
The challenges associated with Directpvcwindows.com Vouchers are how salvation is switched to keep a...
 
Real estate investing with mortgages for sale
Published by DANA BATES on May 12th 2012 | Business
This information is there to assist anyone who has plans to buy mortgages for sale. Simply follow th...
 
Sell your business for sale yourself
Published by Herry Smith on March 5th 2012 | Management
Selling out a business for sale opportunity is not as tough as we think. An owner can sell his busin...
 
Looking for used Corvettes for sale?
Published by Editor123 on January 2nd 2012 | Business
At this place, one will find that the sales staff is just as excited about Corvettes as any other fa...
 
Bicycles for sale: best way of keeping yourself fit and healthy
Published by Bicyclesuk on April 16th 2012 | Business
Do you want to sell or purchase a bicycle? Then you can post your bicycle details on the internet an...
 
The finest wood for sale
Published by Mary Porter on June 15th 2012 | Business
One of the most versatile materials around, wood can be used for some many purposes....
 
How property for sale in Bangalore Helps You Finding a Property
Published by Andy Chatterjee on December 27th 2011 | Business
Property for sale in India gives you the opportunity to find out a suitable property of your choice....
 
What makes Australian real estate for sale easy these days?
Published by Noel Angle on January 4th 2012 | Business
Times have certainly changed the way Australian real estate for sale was handled. Earlier there were...
 
Business for sale in Toronto – Your perfect Selling destination
Published by Mett Silver on August 6th 2012 | Business
People who have businesses of their own often want to sale it off for various reasons; but they lack...
 
Port Washington Homes New York are available for sale
Published by Karen Bruning on January 20th 2012 | Business
Port Washington Homes New York is the best income source for the investors and for those who wants t...
 
How to get the best deal from the Aircraft hangers for sale
Published by Steve Hops on December 14th 2011 | Management
Read this article to know the importance of the steel structures as your desired building instrument...
 
Consider the purpose before buying aircraft hangars for sale
Published by Steve Hops on January 11th 2012 | Management
When you are looking to buy aircraft hangars for sale make sure you consider the purpose of the buil...
 
When you are looking for Taxis for sale it isn’t always easy.
Published by Mary Porter on June 17th 2012 | Business
One company that does stand out above its competitors and is worth a special mention is called Cabs ...
 
Important and main benefits condos for sale Mayan Riviera
Published by on May 3rd 2012 | Business
When we talk about having a substitute choice for getting a perfect standard of living then only one...
 
Choosing reliable loading ramps for sale
Published by Pieter on January 24th 2012 | Business
To start with, a loading ramp is an enhanced inclined plane that allows for materials to be unloaded...
 
Enjoy your life with second hand cars for sale in Gurgaon
Published by Dany on July 19th 2012 | Business
Trend of buying used cars in Gurgaon is growing rapidly. Now, not only the car market with new cars ...
 
Important and useful tips homes for sale Riviera Maya
Published by Dany on May 3rd 2012 | Business
In this age of hectic and feverish activity and especially among the growing population people want ...
 
Bicycles for sale have many advantages but always adopt the tips to buy it
Published by Bicyclesuk on April 5th 2012 | Business
Today as with the modern technology, the internet has changed the manner we go regarding our everyda...
 
GET YOUR BEST HOUSE AT new homes for sale in naples florida
Published by Harry on March 5th 2012 | Business
There are plenty of homes in real estate in florida naples. You may go about choosing in two ways. T...
 
Leather hides for sale
Published by Simona on January 15th 2012 | Business
Nowadays, there are a lot of people who are using the Internet in order to find leather hides for sa...