How the Greeks Live. Real Estate Facts That Will Surprise You
July 21, 2021
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The most populated city of Greece is Athens. Thessaloniki comes second. Low-rise constructions prevail (six to seven floors) due to seismic activity,the rest of the country is covered with private houses. These are facts from statistical reports. We will look at local real estate from the more interesting side.
The Mortgage Comes From Greece
The term "mortgage" has its roots in ancient Greece of the VI century BC.
At that time, a person who could not pay the debt became a slave – the security for the loan was the identity of the debtor. But after the economic reform carried out by the most famous ancient Greek legislator Solon, the personal responsibility of a citizen was replaced by property.
According to the new rules, a sign was placed on a plot of land that had not yet been paid for, the name of which sounded hypotheka in Greek. The establishment of such a column on the land meant that if the debt was not paid, it would become the property of the creditor.
Later, the word hypotheka began to be used to refer to the pledge of real estate.
But today mortgage lending in Greece is not as well developed as many would like. After the global financial crisis of 2008, local banks tightened the conditions for issuing loans, especially for foreigners whose financial reliability is difficult to verify. Loans are issued with a creak, but you can increase the chances in three ways.
A large amount on a deposit account, from which it is impossible to withdraw money ahead of time. In this case, the bank can issue a loan secured by a deposit.
There is a big difference in the amount of collateral and mortgage. For example, with a mortgage of €50,000, the collateral is a property worth €300,000.
The presence of a guarantor. The bank will look at the solvency of not only the applicant, but also his guarantor, who is responsible for his money and property.
According to the Bank of Greece, the share of real estate transactions for buyers' own funds is 80% of all transactions in the country, 20% with the involvement of mortgages.
Santorini is an Active Volcano, and Locals Live in Caves
The most beautiful Greek island of Santorini is the only inhabited caldera (a hollow of volcanic origin formed after the collapse of the crater walls or as a result of a volcanic eruption) in the world!
Santorini is surrounded by three active volcanoes. The most famous one is Tyra, which has erupted several times. Its most destructive eruption occurred about 3,500 years ago, the last activity was recorded in 1950. To date, the volcano is dormant, but it is still not extinct. However, this does not prevent 20,000 people from living here.
Santorini, Greece
Many locals live in traditional cave houses. The fact is that the voids formed over several millennia in the rocks have strong and practically non-collapsing walls, which is very convenient for home improvement. The phenomenon of such natural structures is also that they can be expanded independently (but only after coordination with neighbors and an architect).
By the way, there is a catastrophic shortage of housing on the island. And not only to the guests (there are about 3 million of them annually), but also to Greeks themselves. Local residents of the village of Oia (the most picturesque, famous and crowded place in Santorini) were almost completely replaced by hotel chains that bought a large share of local real estate, including the famous cave houses.
White and Blue Houses
There are several versions of where the traditional white and blue houses came from.
A traditional Greek house
The first one is mystical. Legend says the blue color reflects evil and drives away lost souls who do not want to fly to heaven and seek to enter houses to linger on earth. Blue roofs seem to mislead them, make them think that this is the sky, and not the roof of the house. And the spirits get confused and fly away.
The second one is political. During the Second World War, the Germans (according to another version – the Turk), who occupied the territories, forbade the Greeks to hang out the national flag. In response, people rebelling against the ban painted their houses in its colors.
The third is practical. In 1938, there was an outbreak of cholera in Greece. To stop its spread, the authorities ordered to whitewash all the houses with limestone, which was considered a powerful disinfectant. In addition, the white color keeps cool in homes well, reflecting sunlight, which in times without air conditioners and fans saved people from the heat.
Old People Live With Young People
Nursing homes are rare in Greece. Many elderly people live with their children until the end.
Partially, this is why the construction of private residential buildings can take decades: parents build the first floor for themselves and keep the second floor for their children. Those, in turn, continue building the house upwards. And that is how "family pyramids" appear.
Another explanation for this phenomenon is that at the initial stage of construction houses are given time to settle the soil due to many seismically active zones on the territory of the country.
Humidity is a Problem for Many Homes in Greece
Greece is a country with a warm mild climate, so there is no central heating in most areas. However, the proximity to the sea leads to the fact that there is high humidity in the houses, especially during winter.
Hence the conclusion: if you are going to buy or rent a house in Greece, carefully inspect it. Locals share some secrets that can help avoid the neighborhood with moisture and mold:
Choose an apartment above the second floor. Greeks consider the first floor uncomfortable for living, because it is often damp and cold there. In addition, there is little sun in the apartments on the first floors.
Find out in advance whether the house is heated in winter. Sometimes the building can be heated once a day or even every other day.
When renting a home, inspect it for the presence of mold and dampness in the cabinets, on the walls and kitchen cabinets.
Examples of houses in Greece on sale
220 000 €
House in Sani, Greece
120 sq.m431
For sale a 1-storey cottage with an area of 120 sq.m on the Kassandra peninsula, Halkidiki region. The cottage consists of 3 bedrooms, a living room with a kitchen, one shower room. The windows overlook the sea. The object has a barbecue area, heating. The property is sold furnished. The property includes a parking space, a garden.
GREKODOM DEVELOPMENT A.E
2 000 000 €
Villa in Saronida, Greece
380 sq.m964
Residence
For sale a 2-storey villa of 380 sq.m in Attica. The first floor consists of 2 bedrooms, a living room with a kitchen, a living room, 2 bathrooms. The second floor consists of 4 bedrooms, a living room with a kitchen, 2 bathrooms. The windows offer a magnificent view of the sea, the mountains, the city, the forest. The property has a fireplace,...
GREKODOM DEVELOPMENT A.E
1 400 000 €
Villa on Corfu, Greece
201 sq.m43
Residence
This villa offers stunning 180-degree sea views of South Corfu, Greece's mainland, the Albanian coastline, and the central Corfu, along with the crystal-clear waters of the Ionian Sea. It is situated on a hillside, offering peace and serenity in a large 10,100sq.m. land. The villa, spanning 201sq.m., is divided into two floors. On the ground...
ROULA ROUVA REAL ESTATE AGENCY
680 000 €
Villa on Corfu, Greece
320 sq.m53
Residence
Discover the epitome of luxury in this stunning newly built villa, covering 320.27 square meters within a generous 790 square meter plot in the charming town of Messonghi, situated in the southern part of Corfu. This property is a modern marvel that sits atop a hill, offering breathtaking views of the surrounding landscape and sea, just 1.5km...
ROULA ROUVA REAL ESTATE AGENCY
780 000 €
Villa in Chania Prefecture, Greece
316 sq.m
Residence
Villa for sale in a picturesque place on the island of Crete. The first floor of the right and left buildings of the building has two fully equipped kitchens, open-plan double-space living rooms, as well as 2 bathrooms. The second of both parts of the building has 2 bedrooms (4 bedrooms in total), as well as 2 bathrooms. Additionally, the villa...
GREKODOM DEVELOPMENT A.E
470 000 €
Villa in Thessaloniki, Greece
350 sq.m855
Residence
For sale a 3-storey villa of 350 sq.m in Thessaloniki. The first floor consists of 2 bedrooms, 2 living rooms with a kitchen, 2 shower rooms. The second floor consists of 2 bedrooms, a living room, one kitchen, 2 shower rooms. The third floor consists of one bedroom, one bathroom. The windows offer a magnificent view of the mountains, the city,...
GREKODOM DEVELOPMENT A.E
1 200 000 €
Villa in Thessaloniki, Greece
435 sq.m863
Residence
For sale 2-storey villa with an area of 435 sq.m in Thessaloniki. The first floor consists of 3 bedrooms, a living room, one kitchen, 2 bathrooms. The second floor consists of 3 bedrooms, a living room, one kitchen, 3 bathrooms. The windows overlook the sea, the city. The property has a fireplace, air conditioning, barbecue area, heating. The...
GREKODOM DEVELOPMENT A.E
850 000 €
Villa in Chania, Greece
360 sq.m543
Residence
For sale a 3-storey villa with an area of 360 sq.m on the island of Crete. The ground floor consists of 3 storerooms The first floor consists of 3 bedrooms, a living room, one kitchen, one bathroom, one shower room, one bathroom, one pantry The second floor consists of one bedroom, one bathroom With a magnificent view of the sea, the mountains....
GREKODOM DEVELOPMENT A.E
225 000 €
House in Pieria, Greece
165 sq.m5
Villa for sale with an area of 135 sq.m on the Olympic Riviera. The villa consists of two floors. On the ground floor there is a living room with a fireplace and a kitchen, a bedroom and a bathroom with a shower. The second floor has three bedrooms and a bathroom with a bathtub. The villa has its own plot of 1000 sq.m with a magnificent view of...
GREKODOM DEVELOPMENT A.E
130 000 €
House in Pieria, Greece
204 sq.m432
For sale a 2-storey cottage with an area of 204 sq.m on the Olympic Riviera. The ground floor consists of a living room, one kitchen, one shower room. The second floor consists of 3 bedrooms, one bathroom. The windows overlook the sea, the mountains. The object has a fireplace. The property is sold furnished. The property includes a parking space.
GREKODOM DEVELOPMENT A.E
6 000 000 €
House on Ionian Islands, Greece
700 sq.m1
Residence
For sale 3-storey villa of 700 sqm on the island of Corfu in the western part of villa is under construction, the first level includes an indoor swimming pool, dressing room, games room, utility room, boiler room, garage, as well as two separate apartments of 50 second level consists of a living room with a kitchen, a kitchen room, office,...
Mercury Group
1 320 000 €
House in Athens, Greece
210 sq.m543
Residence
For sale 3-storey villa of 210rs in Attica. The semi-basement consists of one bedroom, one bathroom. The ground floor consists of living room with kitchen. The first floor consists of 3 bedrooms, 2 bathrooms. A magnificent view of the city, the sea, the mountain, the forest opens up from the windows. There are solar panels for water heating, a...
Mercury Group
400 000 €
House in Thessaloniki, Greece
534 sq.m72
Residence
For sale 2-storey house of 534rs in the suburbs of Thessaloniki. The ground floor consists of 2 bedrooms, living room, one kitchen, one bathroom, one WC, one storeroom. The first floor consists of 5 bedrooms, 2 living rooms, one kitchen, one bathroom, one WC. There is a fireplace, air conditioning and heating. The owners will be leaving the...
Mercury Group
640 000 €
House in Thessaloniki, Greece
420 sq.m863
Residence
For sale 2-storey villa of 420rs in the suburbs of Thessaloniki. The ground floor consists of 3 bedrooms, living room with kitchen, one shower WC, one storeroom. The first floor consists of 3 bedrooms, living room with kitchen, 2 shower WC. There are solar panels for water heating, a fireplace, air conditioning, awnings, heating and a barbecue...
Mercury Group
265 000 €
House in Chalkidiki, Greece
74 sq.m321
Residence
For sale a 1-storey cottage with an area of 74 sq.m on the Sithonia peninsula, Halkidiki region. The cottage consists of 2 bedrooms, a living room, one kitchen, one shower room. The facility has solar panels for heating water. The property includes a garden.
GREKODOM DEVELOPMENT A.E
220 000 €
House in Heraklion, Greece
110 sq.m432
For sale a 1-storey cottage with an area of 110 sq.m on the island of Crete. The cottage consists of 3 bedrooms, a living room with a kitchen, one kitchen, one bathroom, one shower room, one pantry. The windows offer views of the mountains, the city. The facility has solar panels for water heating, air conditioning, awnings, heating. The...
GREKODOM DEVELOPMENT A.E
230 000 €
House in Thessaloniki, Greece
170 sq.m531
For sale a 3-storey cottage with an area of 170 sq.m in the suburbs of Thessaloniki. The first floor consists of a living room with a kitchen, one bathroom, one pantry. The second floor consists of a living room, one kitchen, one bathroom. The third floor consists of 3 bedrooms, one bathroom. The object has a fireplace, awnings, heating. The...
GREKODOM DEVELOPMENT A.E
560 000 €
House in Kassandra, Greece
120 sq.m431
Residence
For sale a 2-storey cottage with an area of 120 sq.m on the Kassandra peninsula, Halkidiki region. The first floor consists of a living room with a kitchen, one bathroom. The second floor consists of 3 bedrooms, one bathroom. The windows offer a magnificent view of the sea, the city, the forest. The property has a fireplace, air conditioning,...
GREKODOM DEVELOPMENT A.E
500 000 €
Villa in Chania, Greece
143 sq.m432
Residence
For sale a 3-storey villa with an area of 143 sq.m on the island of Crete. The first floor consists of one bedroom, a living room with a kitchen, one bathroom, one pantry. The second floor consists of 2 bedrooms, one bathroom, one shower room. The third floor consists of Windows overlooking the sea, the mountains, the city. The facility has...
GREKODOM DEVELOPMENT A.E
4 600 000 €
House on Kythnos, Greece
600 sq.m434
Residence
For sale, a luxury complex composed of three villas in Mykonos island. The villas are designed on a hilltop with a view of the Skalistoti slopes, superb views of the Aegean sea. This is the epitome of a true luxury and elegance, Cycladic with modern amenities and comfort. Aquata villa consists of two levels, with a total area of 175sq.m. The...
The population of Athens doubled (to 800 thousand) in 1928 after the influx of refugees. Also, the influx of population came from the provinces, and this happened until the end of the civil war (1949) and even later. People were fleeing from the destroyed countryside, and they needed housing, a lot of housing.
In response, multi-storey apartment buildings appeared in Athens, the so-called polikatikias (condominiums).
The first high-rise buildings were built in the 1910s, the mass construction of polikatikias began in the 1950s. By 1980, 34,000 of them were built in Athens.
Typical polikatikias in the capital of Greece
Polikatikias have distinctive characteristics.
To reduce construction costs, columns were used instead of load-bearing walls. This also made it possible to keep the layout open.
Six floors of the building stand exactly on top of each other, the facade of the seventh (if it is in the project) slightly goes back, forming a space for wide balconies and terraces. They are large enough to accommodate a dining table or a garden with plants.
Common central heating in the apartments, which was a novelty for Europe at that time.
Due to the flexibility in the layout, there was a wide variety of both apartment areas and prices for them. Wealthier residents chose the upper floors, middle-income families settled on the middle floors, poor citizens and students got the lower ones.
In addition to large balconies and terraces, apartments on the upper floors have other advantages: they are more spacious, they offer a better view, they have more sunlight. On the lower floors, the apartments are much smaller and darker, and life there is often accompanied by constant noise from the streets.
That is why apartments on the upper floors were often kept by the landowner (on whose plot the apartment building was built) or sold to wealthy buyers. The apartments below were rented out to students, single people or young families. A significant difference in the price remains to this day.
In 2011, a census was conducted in Greece, which included the question of the floor of residence. The analysis of the study led to the following conclusions:
the size of the apartments increases significantly as you move to the upper floors;
the percentage of migrants in apartments at the bottom is almost nine times higher than at the top;
more educated people prefer to live higher, less educated people prefer to live lower;
the upper floors are owned by residents, while the lower ones are occupied by tenants.
The allocation of the first floor for parking lots, offices, retail outlets and other commercial spaces is one of the ways to use the unclaimed first floors for living.
Real estate for sale in Athens
95 000 €
Flat in Athens, Greece
65 sq.m211
Apartment for sale with an area of 65 sq.m in Athens. The apartment is located on the second floor and consists of one bedroom, living room, one kitchen, one bathroom. The windows offer a view of the city. The facility has heating. The property is sold furnished. There is an elevator in the building. The apartment is located in the area of the...
GREKODOM DEVELOPMENT A.E
520 000 €
Flat in Athens, Greece
150 sq.m322
Residence
Apartment for sale with an area of 150 sq.m in Athens. The apartment is located on the fourth floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom, one shower room, one bathroom. The windows offer a magnificent view of the sea, the city. The property has a fireplace, air conditioning, heating. The property is sold...
GREKODOM DEVELOPMENT A.E
1 300 000 €
House in Glyfada, Greece
564 sq.m1293
Residence
For sale a 4-storey cottage with an area of 564 sq.m in Athens. The ground floor consists of one storage room. The first floor consists of 3 bedrooms, a living room with a kitchen, one bathroom, one bathroom. The second floor consists of 3 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The third floor consists of 3 bedrooms, a...
GREKODOM DEVELOPMENT A.E
320 000 €
House in Athens, Greece
150 sq.m31
Residence
For sale 1-storey house of 150rs in Attica. The house consists of 3 bedrooms, living room with kitchen, one bathroom, one WC. There are solar panels for water heating, a fireplace, air conditioning, heating and a barbecue area. The owners will be leaving the furniture with the sale. Extras included with the property: parking space, garden. The...
Mercury Group
440 000 €
Flat in Athens, Greece
104 sq.m4
Residence
For sale apartment of 104rs in Athens. The apartment is situated on the . Flat has interior layout.
Mercury Group
1 900 000 €
House in Athens, Greece
490 sq.m756
Residence
For sale 3-storey villa of 490rs in Attica. The semi-basement consists of living room with kitchen, one bathroom, 3 storerooms. The ground floor consists of 2 bedrooms, living room with kitchen, 2 bathrooms. The first floor consists of 3 bedrooms, 3 bathrooms. A magnificent view of the city, the sea, the mountain, the forest opens up from the...
Mercury Group
380 000 €
Flat in Athens, Greece
124 sq.m432
Residence
For sale apartment of 124rs in Athens. The apartment is situated on the 1st floor. consists of 3 bedrooms, living room with kitchen, one kitchen, one bathroom, one shower WC. Flat has double-frontage layout. There is a fireplace, air conditioning and heating. The owners will be leaving the furniture with the sale. Building has a lift. There is...
Mercury Group
600 000 €
Townhouse in Athens, Greece
244 sq.m1
Residence
For sale maisonette of 244rs in Attica. The maisonette has 3 levels. The semi-basement consists of . The ground floor consists of . The first floor consists of . A view of the sea, the mountain, the forest opens up from the windows. There are solar panels for water heating, a fireplace and heating. The owners will be leaving the furniture with...
Mercury Group
750 000 €
House in Athens, Greece
200 sq.m32
Residence
For sale 1-storey house of 200rs in Attica. The house consists of 3 bedrooms, living room, one kitchen, 2 bathrooms, one WC. A view of the city, the mountain, the forest opens up from the windows. There are solar panels for water heating, a fireplace, air conditioning, heating and a barbecue area. The owners will be leaving the furniture with...
Mercury Group
235 000 €
Maisonette in Glyfada, Greece
118 sq.m431
Apartment for sale with an area of 118 sq.m in Athens. The apartment is located on the third floor and consists of 3 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The apartment is located in the Glyfada area. A bank facility.
GREKODOM DEVELOPMENT A.E
320 000 €
Flat in Athens, Greece
142 sq.m541
Residence
Apartment for sale with an area of 142 sq.m in Athens. The apartment is located on the fourth floor and consists of 4 bedrooms, a living room, one kitchen, one bathroom, one bathroom. The windows offer a magnificent view of the sea, the mountains, the city. The facility has solar panels for water heating, heating. The property is sold furnished....
GREKODOM DEVELOPMENT A.E
320 000 €
Flat in Athens, Greece
155 sq.m431
Residence
For sale apartment of 155rs in Athens. The apartment is situated on the 3rd floor. It consists of 3 bedrooms, living room, one kitchen, one bathroom, one WC. Flat has double-frontage layout. A magnificent view of the city opens up from the windows. There are solar panels for water heating, a fireplace, air conditioning, awnings and heating. The...
Mercury Group
520 000 €
Flat in Athens, Greece
78 sq.m321
Residence
For sale apartment of 78rs in Athens. The apartment is situated on the 1st floor. consists of 2 bedrooms, living room with kitchen, one shower WC, one WC. Flat has front layout. There is heating. Building has a lift. The apartment is located in Voula area.
Mercury Group
250 000 €
Flat in Athens, Greece
65 sq.m321
Apartment for sale with an area of 65 sq.m in Athens. The apartment is located on the second floor and consists of 2 bedrooms, a living room with a kitchen, one bathroom. The apartment has a corner location. The facility has a fireplace, air conditioning, awnings, heating. There is an elevator in the building. The apartment is located in the...
GREKODOM DEVELOPMENT A.E
400 000 €
Flat in Athens, Greece
79 sq.m321
Residence
For sale under construction apartment of 79rs in Athens. The apartment is situated on the 3rd floor. consists of 2 bedrooms, living room with kitchen, one bathroom, one WC. Flat has front layout. A view of the city opens up from the windows. There is heating. Building has a lift. Extras included with the property: parking space. The apartment is...
Mercury Group
3 700 000 €
House in Athens, Greece
360 sq.m432
Residence
For sale 3-storey villa of 360rs in Athens. The ground floor consists of living room, one kitchen, one WC. The first floor consists of 2 bedrooms, one shower WC, one WC. The second floor consists of one bedroom, one shower WC, one dressing room. A magnificent view of the city, the sea, the mountain opens up from the windows. There are solar...
Mercury Group
320 000 €
Townhouse in Athens, Greece
147 sq.m642
Residence
Mercury Group
160 000 €
Flat in Athens, Greece
70 sq.m321
An apartment of 70 sq.m is for sale in Athens. The apartment is located on the second floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom. The apartment has a corner location. The facility has air conditioning, awnings, heating. There is an elevator in the building. The apartment is located in the Zografu area
GREKODOM DEVELOPMENT A.E
260 000 €
Flat in Athens, Greece
92 sq.m431
Residence
An apartment of 92 sq.m is for sale in Athens. The apartment is located on the fourth floor and consists of 3 bedrooms, a living room with a kitchen, one shower room, one bathroom. The facility has a fireplace, air conditioning, awnings, heating. There is an elevator in the building. The property includes a garage. The apartment is located in...
GREKODOM DEVELOPMENT A.E
940 000 €
Flat in Athens, Greece
115 sq.m431
Residence
For sale under construction apartment of 115rs in Athens. The apartment is situated on the 2nd floor. It consists of 3 bedrooms, living room with kitchen, one shower WC, one WC. Flat has front layout. There are solar panels for water heating, awnings and heating. Building has an elevator. There is an alarm system installed. Extras included with...
The Capital Is Not the Most Expensive City in The Country
As a rule, the most expensive real estate is located in the capital city. Athens is an exception to this rule. On average, a square meter here costs €1,593.
But on small islands, prices are high. So, on the Cycladic Serifos, the average price per square meter is €2,650. But this is not the limit: in Antiparos, the average price for housing is €3,823 per sq. m. Followed by Paros (€2,812), Naxos (€2,700) and Kifnos (€2,255).
Real estate on Greeks islands
395 000 €
Villa on Santorini, Greece
83 sq.m21
Residence
The villa is located in a new residential complex on the east coast of Santorini, 200 meters from the best sandy beach of the island. The complex includes excellent individually designed villas with private pools and landscaped gardens.
The villa has an area of 83 sq. m. It includes two bedrooms and a bathroom and is located on a plot of 242...
NF Group
1 100 000 €
Maisonette in Corfu, Greece
297 sq.m752
Residence
Duplex for sale with an area of 297 sq.m on the island of Corfu. The duplex is located on 2 levels. The ground floor consists of 3 bedrooms, a living room with a kitchen, one kitchen, one bathroom, one bathroom, one pantry. The second floor consists of 2 bedrooms, a living room with a kitchen, one kitchen, one bathroom. The windows offer views...
GREKODOM DEVELOPMENT A.E
670 000 €
Villa on Mikonos, Greece
280 sq.m66
Residence
The villa with a beautiful view of the sea and the local village is located on the island of Mykonos and consists of a living room with a dining area, a kitchen, 6 bedrooms and 6 bathrooms. Windows and balcony doors with double glazing, fireplace, alarm system, solar water heater are installed. The villa has a garden, swimming pool, Parking,...
NF Group
460 000 €
Villa on Mikonos, Greece
108 sq.m33
Residence
The maisonette with a wonderful panoramic view of Agrari Beach is located in a residential complex with a communal swimming pool. The maisonette includes a living room, kitchen, dining room, 2 master bedrooms with en-suite bathrooms and a smaller bedroom with en-suite bathroom. There is also a barbecue and a large outdoor dining and living area.
NF Group
565 000 €
Villa on Mikonos, Greece
125 sq.m34
Residence
This beautiful villa is located in the area of Ftelia, the distance to the beach is 150 meters. The 125 sq.m villa is part of a complex of villas and combines the traditional architecture of Mykonos and all modern amenities. On the first level there is a living room and 2 bedrooms with private bathrooms. On the upper level there is a fully...
NF Group
1 300 000 €
Villa in Corfu, Greece
188 sq.m653
Residence
For sale 1-storey villa with an area of 188 sq.m on the island of Corfu. The villa consists of 5 bedrooms, a living room with a kitchen, one kitchen, 2 bathrooms, one shower room, one bathroom, 3 storerooms. The property has a fireplace, barbecue area, heating. The property is sold furnished. The property includes a parking space, garden,...
GREKODOM DEVELOPMENT A.E
330 000 €
House in Corfu, Greece
218 sq.m533
Residence
For sale a 3-storey cottage with an area of 218 sq.m on the island of Corfu. The ground floor consists of one bedroom, a living room with a kitchen, one shower room. The first floor consists of a living room with a kitchen, one kitchen, one bathroom. The second floor consists of 2 bedrooms, one bathroom, one storage room. The facility has air...
GREKODOM DEVELOPMENT A.E
1 000 000 €
House on Dodecanese, Greece
558 sq.m1
Residence
For sale a Villa 558 sq.m in the suburb town of Ialyssos. The Villa is divided into 2 floors and basement. The basement has an area of 48 sq.m, ground floor of 282 sq.m., and first floor 228 sq.m. There are 6 parking spaces. The property can also be divided into 2 villas. 1) basement 48 sq.m, 1st floor 200 sq.m, 2nd floor 150 sq.m and garden...
Mercury Group
1 800 000 €
House on Dodecanese, Greece
274 sq.m542
Residence
For sale 2-storey villa of 274rs in Rhodes island. The ground floor consists of one bedroom, living room with kitchen, one shower WC, one storeroom. The first floor consists of 3 bedrooms, one bathroom. A view of the sea, the mountain, the forest opens up from the windows. There are solar panels for water heating, a fireplace, air conditioning,...
Mercury Group
500 000 €
House on Dodecanese, Greece
100 sq.m21
Residence
For sale 1-storey house of 100rs in Athos, Chalkidiki. The house consists of 2 bedrooms, living room with kitchen, one shower WC, one WC, one storeroom. A magnificent view of the mountain, the forest opens up from the windows. There is a fireplace, air conditioning, awnings and a barbecue area. The owners will be leaving the furniture with the...
Mercury Group
1 400 000 €
House on Dodecanese, Greece
350 sq.m763
Residence
For sale 2-storey villa of 350rs in Rhodes island. The ground floor consists of one bedroom, living room with kitchen, one bathroom, one storeroom. The first floor consists of 5 bedrooms, 2 bathrooms. A view of the sea, the mountain, the forest opens up from the windows. There are solar panels for water heating, a fireplace, air conditioning,...
Mercury Group
180 000 €
House in Corfu, Greece
133 sq.m12
For sale a 2-storey cottage with an area of 133 sq.m on the island of Corfu. The second floor consists of 3 kitchens, one shower room, one dressing room. The ground floor consists of a living room with a kitchen, one kitchen, one shower room. The windows offer views of the mountains, the forest. The object has a fireplace, air conditioning. The...
GREKODOM DEVELOPMENT A.E
330 000 €
Flat in Corfu, Greece
77 sq.m321
Residence
Apartment for sale with an area of 77 sq.m on the island of Corfu. The apartment is located on the ground floor and consists of 2 bedrooms, a living room with a kitchen, one shower room. The windows overlook the sea. The facility has air conditioning, awnings. The property is sold furnished. The property includes a garden.
GREKODOM DEVELOPMENT A.E
2 900 000 €
Villa in Corfu, Greece
436 sq.m544
Residence
For sale a 3-storey villa with an area of 436 sq.m on the island of Corfu. The first floor consists of one bedroom, one bathroom, one gym. The second floor consists of one bedroom, a living room with a kitchen, one kitchen, one shower room. The third floor consists of 2 bedrooms, 2 shower rooms, one dressing room. The windows overlook the sea,...
GREKODOM DEVELOPMENT A.E
980 000 €
Flat in Corfu, Greece
400 sq.m
Residence
8 apartments for sale in the Ipsos area.Each apartment has an area of 50 sq.m and has the following layout.- 2 bedrooms- Kitchen-living room- WC with bathroom 7 apartments are on the ground floor of the building, and 1 is on the second floor.Each apartment has air conditioning, and after the sale the furniture will remain in the apartment.
GREKODOM DEVELOPMENT A.E
540 000 €
Flat in Corfu, Greece
104 sq.m321
Residence
An apartment of 104 sq.m is for sale on the island of Corfu. The apartment is located on the fourth floor and consists of 2 bedrooms, a living room, one kitchen, one bathroom, one bathroom, one pantry. The apartment has a corner location. The windows overlook the sea and the city. The facility has heating. There is an elevator in the building....
GREKODOM DEVELOPMENT A.E
425 000 €
House on Santorini, Greece
120 sq.m32
Residence
For sale 1-storey house of 120rs in Santorini. The house consists of 3 bedrooms, living room, one kitchen, 2 shower WC, one storeroom. The owners will be leaving the furniture with the sale. The house is in need of repair.
Mercury Group
425 000 €
Maisonette in Corfu, Greece
135 sq.m5
Residence
On the wonderful island of Corfu, a house with an area of 135 sq.m. is for sale. The house is located in the old town of the capital and was built in the 17th century.It consists of three floors plus an attic. On the ground floor there is a dining room with a separate kitchen, a bathroom. On the second floor there is a living room, one bedroom....
GREKODOM DEVELOPMENT A.E
290 000 €
Maisonette in Corfu, Greece
147 sq.m432
Residence
House for sale with an area of 145 sq.m, located in the village of Liapades, in the very center!The house consists of:* apartment on the second floor: spacious living room with open plan kitchen, 3 bedrooms (2 double and 1 single), bathroom. There is enough light in all rooms * a spacious storage room on the ground floor; it can be converted...
GREKODOM DEVELOPMENT A.E
120 000 €
House in Corfu, Greece
90 sq.m44
For sale a 2-storey cottage with an area of 90 sq.m on the island of Corfu. The first floor consists of 2 bedrooms, one bathroom. The second floor consists of 2 bedrooms. The property is sold furnished.
There are about 6,000 islands in Greece, but only 227 of them are inhabited, the rest are usually put up for sale. The state put up for sale the islands belonging to them in 2010 first time. Greece was seriously suffering from the economic crisis, and thus the authorities hoped to attract foreign investment (according to forecasts, the sale of state property was supposed to bring €50 billion to the treasury).
The island of Skorpios in the Ionian Sea
The most famous private island in Greece is Skorpios in the Ionian Sea.
The former property of Aristotle Onassis now belongs to the Russian billionaire Dmitry Rybolovlev, who wants to turn the island into a luxury resort for the rich.
You can buy the island through specialized real estate agencies. As a rule, the price of such transactions is not advertised, the cost is provided on request. However, some data still become known.
The purchase of Scorpios cost the Rybolovlev family €126 million. Their neighbor was the former Emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, who bought the island of Oxia for €5,5 million.
It is not difficult to buy an island in Greece. Anyone can become the owner, including a foreigner. However, non-EU residents cannot purchase an island near national borders or military bases.
Apartments For Sale Are Furnished and Rented Empty
Apartments are often put up for sale with furniture, and apartments for long-term rent are offered empty. This is a normal practice in Greece. They do not buy furniture, but move with their own from one place to another throughout their lives. By the way, the presence of furniture (as well as its absence) does not significantly affect the price.
Interiors are usually light, in bright colors. Locals like to use handmade jewelry in the decor. For example, wool carpets in all shades of red, yellow and green, or lace tablecloths. There are many family-owned enterprises that make furniture to order.
The most cozy place in every Greek home is a porch or terrace. Locals spend a lot of money on design and improvements of this area of a house, because they spend most of their time here.
Greek Latifundium
The Greeks are a nation of large homeowners. More than 70% of residents own at least some real estate. And many people own more than one apartment, there may be 10-15 properties in one family! The more family members there are, the more apartments, houses and land plots they own.
In general, the desire to invest free funds in real estate is inherent in the Greeks. They would rather buy another house than invest in a luxury car or shares.
There are even special funds that manage and put up for sale family assets.
Thousands of Illegal Houses and No Complete Real Estate Cadastre
Greece is one of the few European countries that still does not have a complete land cadastre. Work in this direction began in 1995, but is still far from completion.
About 50% of the territory of Greece is still not reflected in the cadastre, although houses have already been built on many lands. Even in the suburbs of Athens the plots can be considered as aforest according to the documents. The situation is complicated by the fact that many records of land transactions are already two centuries old, so the property boundaries in them can be indicated like "500 steps from the olive tree" or "five stone throws in this direction".
There is even a Union of Illegal Homeowners in Crete, which unites about 45,000 people.
Despite the fact that the cadastre has been filled in for more than 20 years, it has not yet been fully formed. It is planned to complete the process by the end of 2025.
Important! Such problems relate exclusively to old buildings. It is necessary to obtain permits and prepare a project for the construction of a new house. But it is extremely important to check the status of documents when buying a home on the secondary market: owners without a permit will sooner or later have to deal with legalization and pay fines.
Greeks Don't Like "All Inclusive"
An interesting feature of Greek resort real estate is that closed residential complexes with developed infrastructure are rarely built here. Projects typical for Bulgaria or Turkey with a swimming pool, garden, gym, sauna, playground and closed territory are very non-typical for Greece.
Someone does not like this approach, but there is also an advantage: there are no expenses for its maintenance in the absence of infrastructure!
This feature can be explained by the sociability of Greeks. They prefer to meet friends in one of the many taverns instead of sitting in the complex. During warm seasons, social life takes place in the open air.
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