Elounda Hills
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Overview
A large-scale resort development in Crete, planned to include 600 private homes, a 5-star hotel, and a marina, with handovers expected around 2026.
Building/Community Amenities
- 24/7 Concierge
- Beach Access
- Clubhouse / Resident Lounge
- Fitness Center / Gym
- Gated Community
- Golf Course / Simulator
- Health Care
- Hotel
- On-site Retail / Shops
- Parking
- Party / Event Room
- Playground / Kids Play Area
- Pool
- Private Beach
- Private Pool
- Restaurant (On-site)
- Sea / Ocean View
- Spa / Wellness Center
- Sports Court / Facilities
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreign nationals can freely purchase property in Greece, with certain restrictions in border regions for security reasons.
Tax Considerations
Property Taxes
property taxes, known as ENFIA, vary based on property size and location
Transfer Tax
transfer tax of approximately 3%
Inheritance Tax
Capital gains tax is applicable at a rate of 15%, but exemptions may apply depending on the holding period and circumstances
Important Considerations
Restrictions
- Foreign nationals can freely purchase property in Greece, with certain restrictions in border regions for security reasons.
Required Documents
Financing Options
Financing Options
Financing in Greece
Greece offers attractive property financing options for foreign buyers, making it a sought-after destination for real estate investment. Typically, the loan-to-value (LTV) ratio for non-residents is around 60-70%, allowing buyers to finance a significant portion of their property purchases. Greece's appeal for mortgage financing lies in its competitive interest rates and the potential for high returns on investment, thanks to the country's thriving tourism industry and picturesque landscapes. With a growing number of banks and financial institutions willing to cater to international investors, Greece is emerging as a viable market for those seeking to diversify their property portfolios.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., salary slips, tax returns)
- 3Recent bank statements (usually last 6 months)
- 4Greek tax identification number
- 5Proof of property purchase agreement
- 6Credit history report
- 7Legal representation in Greece
