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

Best and useful tips for condos for sale playa del carmen
Published by on May 3rd 2012 | Business
In this modern and competitive world, Playa Del Carmen is considered to be the best place for purcha...
 
How to find utility trucks for sale
Published by James Blee on December 20th 2011 | Business
Newspapers are no longer the right advertisement materials to find utility trucks for sale and hence...
 
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...
 
How to find apartments for sale in Rome the easy way
Published by Kristy Wilder on January 23rd 2012 | Business
For over 15 years, this agency, which is owned by Lara Pisciella, has been assisting individuals and...
 
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...
 
Finding homes and apartments for sale in Rome is easier now
Published by Kristy Wilder on January 23rd 2012 | Business
Lara Case in English means Lara Homes. This is an Italian real estate firm that specializes in a var...
 
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....
 
Port Washington homes sale – One of the Best Constructed Houses
Published by Karen Bruning on December 21st 2011 | Business
Hence to have the best buy at Port Washington homes New York, you need to employ the services of a g...
 
Used cars for sale in Memphis TN
Published by Ron Smith on April 24th 2012 | Business
You need to know what your credit score is when it comes to getting a car loan. There are many car d...
 
Browse through the internet to find the best aircraft hangars for sale
Published by Steve Hops on December 21st 2011 | Management
Aircraft hangars are not small things that can be bought anytime. It is quite an expensive investmen...
 
Why invest in property for sale in Greece?
Published by Greekexchange on January 19th 2012 | Management
Greece is one of the most attractive places on the earth and the most ideal places to live in. It i...
 
Hangers are for sale in case you need one
Published by Steve Hops on February 6th 2012 | Management
Airplane hangers are buildings where aircrafts are kept when not in use. Aircraft hangers for sale a...
 
Property for sale in USA: are you game?
Published by Mark Twain on May 16th 2012 | Business
Any page that promises us a property in the USA or shows an advertisement for property for sale in U...
 
How to go ahead in the process of Honda for sale
Published by Ashish Pandey on February 2nd 2012 | Business
Suppose you want to sell your Honda Accord, you need to know everything that you should do in order ...
 
Check out the availability of homes for sale in the famous communities of US!
Published by Sourcesolid on February 8th 2012 | Business
When searching for homes in Columbus GA please take advantage of the school reports, maps, census da...
 
Best houses in naples florida for sale
Published by Harry on April 4th 2012 | Business
Quail West real estate is hot right now. This is a community that is highly sought after for good r...
 
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...
 
What to look for in used Trackmobile for sale
Published by Gary Skinner on August 9th 2012 | Business
Looking for used trackmobile for sale, know the capabilities and vital services. Contact Briggs Rail...
 
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...
 
Things to consider while buying existing bars for sale
Published by Herry Smith on November 29th 2011 | Business
Going to buy a existing bar for sale may be a good choice if you know how to purchase it for the bes...