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Fact file - Making your permanent move to Crete a little easier with some - page 1 / 6

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Fact file - Making your permanent move to Crete a little easier with some useful tips

1.

Where and how to begin purchasing your property

2.

Purchase process

3.

Money transfer and banking options

4.

Shipment of furniture

5.

Importing a vehicle

6.

Schooling

7.

Medical and other insurances

8.

Social activities

9.

Enjoying Crete

10.

Investment

11.

Corporation responsibilities

1.

Where to begin?

You should begin by appointing a reputable Estate Agent.  RE/MAX Professionals falls under the umbrella of RE/MAX International and is accredited with various associations and bodies.  Our office in Makrigialos is also a member of the local municipality of Estate Agents representing the Lasithi region.  It is worth noting that some “Real Estate” offices operate under this title without any qualifications or certifications.  Be sure to check them out first!

2.

Purchase process – getting started

Firstly, in order to purchase a property in Greece you need a tax file number.  This is obtained from the local tax office and RE/MAX will gladly handle this for you.  It is a straightforward procedure but does involve communicating with the local authority office and completing some paperwork.  

Secondly, you need to open a Greek bank account.  Again, RE/MAX are happy to assist you and have good relations with most major high street banks.

Purchase process – taxes

These extra costs include purchase or transfer tax, Value Added Tax (new constructions only), land registry fees, notary’s fees, lawyer’s fees, municipal tax, surveyor’s fee (optional) and the agent’s fee.  On average, the costs range between 10-15% based on the value of the property.  Most fees are calculated on the ‘assessed tax value’ of the property, which is usually lower than the actual price paid.  

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