How to buy a house on Skopelos
If you have made an offer on a property and it is accepted you have to start the following process to be able to buy that property.
You need to get a tax number and open a bank account.
To get a tax number; what documents are needed
If you are here on Skopelos you have to travel to Volos (on the mainland, the tax office for foreigners is there) to get a tax number and then come back to Skopelos to open a bank account.
You need to show your passport and a name of somebody you trust like a friend on Skopelos, your lawyer or your real estate agent.
Opening a bank account ; what documents are needed:
*Greek tax number
*Passport or identity card
*A document which states your address, if it is written on your id card it is alright otherwise a telephone, electricity bill
* A telephone bill for mobile or stable telephone
*A letter from your work stating what kind of work you do and the address of the company. If these documents are written in another language than Greek and English you need to officially translate it by somebody who has authority as a translator.
*You also need to fill out a questionnaire here at the bank on Skopelos which has to do with your income in Greece etc.
* At the moment the only bank on Skopelos is the National bank of Greece.
Power of attorney:
To make things easier if you want to buy you can give a power of attorney to a lawyer to do these things for you and the lawyer also can help you with the purchase of the property.
You need a lawyer anyway. If you are on the island you can have a power of attorney for the lawyer made up by the local notary here. It is not expensive and it is quick.
The translation to you from Greek to English ( German or Dutch if you want) is done by a local from the island.
The power of attorney usually gives the lawyer the power to buy for you a property, to check the property out for you, to open a bank account and all that is related, to get a tax number and to act on your behalf for various companies and authorities like the electricity company, the water company, the telephone company , the municipality, the police, the building society etc.
The lawyer will work closely with you in order to purchase the property for you. You will be in contact with him/her mainly via email. He/She will ask you to send/email documents that are necessary for the purchase of the property. We, as your real estate agent, will be by your side during the whole process.
If you are not here on the island we can send a draft for a power of attorney to a Greek embassy or consulate and they can complete the power of attorney with your personal details. The draft is written by the notary on Skopelos.
After this you need to get a translator and you need to get an appointment at the embassy or the consulate to have the power of attorney read out loud. If you agree it is signed. The original is then send to the lawyer by you who can now act on your behalf.
Costs for buying a property:
The costs for buying a property are between 10 and 15 percent on top of the purchase price.
property tax, a little over 3 % (over the purchase price)
You pay this one time when you purchase the property. It is paid at the tax office in Volos. Your lawyer or the notary take care of this with you.
real estate fees 2% and over that amount 24% VAT (over the purchase price) You receive a receipt once the amount is paid.
lawyers fees, when you speak with the lawyer you can ask her/his fee for the whole purchase process.
notary and land registry fees, depending on the difficulty of the contract and the length.
Other costs that come up when you own the house (monthly, yearly)
-ENFIA: The last couple of years every house owner pays ENFIA which is a property tax. It is based on the m2 of your house.
You can pay the whole amount at once or with installments. You can pay via e-banking. You can find out what you pay with your tax number and your tax codes for your tax file. Your accountant can do it for you too.
- the water bill, payable via e-banking. The bill can come via an email. You have to request this at the water company. Take your deed of the property and an old water bill.
- the electricity bill, payable via e-banking, can be paid via a standing order at the bank. Take the deed of your house plus identification.
- the telephone bill, for internet etc. if you choose to have this connected. payable via e-banking.
- an accountant will charge a yearly fee to update your tax file and warn you about ENFIA (property tax) which you need to pay.
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