Buying Guide
We are here to walk you through this process ensuring you a hassle free transaction
There are many reasons why Crete's Aghios Nikolaos is such an attractive place to purchase property. The island of Crete is blessed with excellent weather, friendly people and almost no crime at all. Buy and Sell have been established for over 30 years operating as an estate agency and developer from the town of Aghios Nikolaos. We are members of Greek and Crete estate agents unions and understand exactly how the market works.
When you have decided on a property and the vendor has accepted your offer, a 10% deposit must be made to secure the property. This is a pre-contract, made by a public notary and will also detail conditions and price.
A lawyer must be appointed to handle the legalities and he/she can also be granted power of attorney to proceed with the purchase on your behalf. If you are not resident in Crete, this can b e done through the Greek Consulate of your country.
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The lawyer will check all property deeds, planning permission and building permits. If he has been granted power of attorney before the above mentioned pre-contract he is obliged to open a customer account where the deposit will be held until all deeds, planning and building permits are cleared.
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A Greek tax number is required in order to purchase property in Greece. Your passport and full birth certificate (with both parents names) must be taken to the local tax office in order to receive your personal tax number. As a property owner you will have to complete a tax declaration form each year, this does not necessarily mean that you will have to pay Greek taxes.
All monies transferred into Greece are documented and bank transfer receipts (pink slips) are issued by your Greek bank and must be kept. These are your proof for the tax office that no income was made in Greece. If money is being carried into the country personally it should be declared to the relevent authorities at the first port of entry.
An additional amount of around 11% of the purchase price should cover the costs of transfer tax, legal fees and Public Notary fees.
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