Santorini Villas
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Overview
A development of Cycladic-style 1-3 bedroom bungalows and villas in Cyprus, featuring traditional aesthetics.
Building/Community Amenities
- Air Conditioning / Central A/C
- Balcony / Patio / Terrace
- Clubhouse / Resident Lounge
- Community Events
- Daycare Services
- EV Charging Station
- Fitness Center / Gym
- Gated Community
- Heated Pool
- High-Speed Internet / Wi-Fi
- Hot Tub / Jacuzzi
- In-Unit Laundry (Washer & Dryer)
- Kitchen Appliances
- Laundry Facilities
- Meeting / Conference Rooms
- On-site Retail / Shops
- Outdoor Kitchen
- Parking
- Party / Event Room
- Pet-Friendly
- Pickleball Court
- Picnic Area
- Playground / Kids Play Area
- Pool
- Private Pool
- Rooftop Deck / Terrace
- Sea / Ocean View
- Spa / Wellness Center
- Sports Court / Facilities
- Tennis Court
- Valet Parking
- Waterfront / River View
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
