How to buy a house on Skopelos (March 2019)
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. You can also do this before you have found your dream property and have it ready.
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. After getting the tax number you will be able to open a bank account if you present them with some more papers. At the tax office you need to show your passport and a name of somebody you trust like a friend on Skopelos, a friend on Skopelos, your lawyer or your real estate agent.
Opening a bank account; what documents are needed:
As of January 2019 it is very difficult to have a bank account opened on Skopelos by somebody else then yourself. The bank wants to see the person(s) who opens the account.
To open the account bring with you the following documents. See below. The information is from the National Bank of Greece and Skopelos has a branch here. Take the documents with you that show:
1) Full name (you also have to state your father’s name)
2) Copy and show your passport or identity card. It must show the authority that issued this document and your date and place of birth.
3) Income tax slip, P60 and your VAT number in the country of residence.
4) A document that shows your home address, a utility bill
5) A telephone number shown on a telephone bill.
6) Your profession and your business address via an employer’s letter or statement or a chamber of commerce paper.
7) Place of residency information with stamp and signature of authority in town/village
Also take with your Greek tax number
*You also need to fill out a questionnaire here at the bank on Skopelos which has to do with your income, what the money in the bank account is used for etc.
* At the moment the only bank on Skopelos is the National bank of Greece.
*Don’t forget to ask for internet banking and a bank pass if you want one.
Power of attorney:
You can give a power of attorney to a lawyer who can help you with the purchase of the property. The lawyer can get the tax number for you but it is more difficult to open a bank account for you. You need to hire a lawyer to check the property for you and make sure the purchase is legal. 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. If you want a power of attorney done at home you need to contact a Greek embassy.
The translation to you from Greek to English (German or Dutch if you want) is done by a local from the island and can be arranged.
The power of attorney usually gives the lawyer the power to get you a tax number if necessary, to buy for you the property, to check the property out for you and see if everything is legal, 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 but you would like to give a power of attorney to the lawyer, we can send a draft for a power of attorney (written by the notary on Skopelos) to a Greek embassy or consulate in your country nearby where you live and they can complete the power of attorney with your personal details. Before the power of attorney draft is send you get in contact with the embassy or consulate and explain that a draft power of attorney is coming their way. You get an appointment and ask them if they have a translator who can translate the power of attorney to you. You go there, hear the translation of the power of attorney and if you agree you sign and the power of attorney will be send by you or the embassy to the lawyer who can now act on your behalf.
!! The lawyer will need a marriage certificate (if you are married) and on the back of the certificate an apostille stamp. Please look up what an apostille stamp is and where you can get one in your country. I f you cannot obtain it before you come you can do it later and send it.
Costs for buying a property:
The costs for buying a property are between 10 and 15 percent on top of the purchase price.
The property tax, a little over 3 % (over the purchase price) paid one time before the deed is signed when a property is purchased.
It is paid at the tax office in Volos. Your lawyer or the notary takes care of this for you.
The real estate office fees are 2% over the purchase price and over that amount 24% VAT (over that amount)
You receive a receipt after the fee is paid.
The lawyers fees, when you speak with the lawyer you can ask her/his fee for the whole purchase process.
The notary and land registry fees depend on the difficulty of the contract and the length. When the deed is signed the new owner is registered in the land registry office.
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.
- You can use an accountant who will charge a yearly fee to update your tax file and warn you about ENFIA (property tax) which you need to pay.
© 2019 Daphne Jaeggi Chliverou All Rights Reserved firstname.lastname@example.org