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Buying a Property in Greece

Buying a Property in Greece

Communications

Telephone
Organismos Tilepikoinonion Ellados (OTE) had a monopoly on providing phone services until the market was deregulated in 2002. Line rental is still payable to OTE, but other service providers are now available.

Payphones are widespread, as is mobile phone use. Phonecards and pay-as-you-go cards for mobiles can be purchased at street kiosks. To obtain a mobile phone on a contract, a fiscal number is usually necessary.

Internet
The internet is becoming increasingly popular. Dial-up connections and ISDN are widely available, and ADSL and broadband are obtainable in some larger towns. Internet cafés are common.

Post
Airmail letters posted on the mainland take from three to seven days to reach other European countries. Services to and from the islands vary.

And finally …

Buying a property abroad is a major decision, so do as much research as possible, including visiting your chosen location at different times of year. Set a budget, and stick to it.

Before deciding where and what sort of property to buy, explore the resale market thoroughly, even if you have no intention of selling. Circumstances change, and you should always have an exit strategy.

Obtain professional advice and guidance specific to your circumstances, especially in areas like property purchase, potential rental returns, taxation and mortgages. Never sign any document until you are satisfied that you fully understand what you are committing yourself to. Be especially vigilant if you are considering investing in a timeshare, part ownership or leaseback scheme.

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More pages

Page 1: Why buy property in Greece?
Page 2: The Greek Islands
Page 3: Taxation
Page 4: Communications

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