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The maintenance of an apartment in Athens costs on average from 700 to 1.8 thousand euros, villas on the islands – from 1.5 to 15 thousand euros. The main items of expenditure are taxes and utilities.
All property owners in Greece, including foreigners, pay an annual tax, which consists of two parts – the main and additional. Continue reading
When buying a property, it is not always possible to pay immediately, therefore, mortgage lending is often used in transactions. Another important plus of mortgage lending is the ability to significantly increase the area of purchased housing. Mortgage loan is more profitable and more convenient to get in the country where housing is purchased. In Spain, citizens and foreigners can apply for a loan. Continue reading
Although the formal issuance of loans in Greece is not prohibited, in practice, banks do not issue loans to either local or foreign property buyers. The exception is the large Greek companies with established reputation in the market.
6–30 years old
Legal entities can try to get a loan secured by real estate in Greece 2-4 years after its purchase. Continue reading