Real estate in Greece is most often purchased by foreigners as a resort property. This means that most of the year your house will be unattended, and you need, at least, to monitor its condition and pay bills. In addition, real estate in Greece can be a source of stable income - provided that someone is willing to deal with rental issues. And since it is rather difficult to do this from another country, then most often the property is transferred to the management of a company that provides after-sales service.
At Greece Invest , property management is a separate line of business, and therefore we have a dedicated department dedicated exclusively to serving our clients' properties. Services include payment of annual tax, utility bills, accounting support, property checks and rental issues. However, everything in order.
A real estate management contract is essentially a service contract. As a rule, it is concluded for an indefinite period and is valid until its termination by one of the parties.
In accordance with the terms of the contract, the contractor, that is, the company, undertakes to provide on an ongoing basis a set of actions for the management of real estate in Greece. What these actions will be - you decide. There are several packages that differ in the number and cost of the services provided. The customer has the right to demand from the contractor the timely and high-quality performance of the obligations stipulated by the contract, information about any changes in Greek legislation in terms of property rights and obligations of the owner of the real estate, and can also request a full report on the activities of the contractor at any time.
If you decide to terminate the contract with the company, a written notification in free form will be sufficient, which should be submitted no earlier than one month before the termination of the contract.
The range of services for accounting support includes filing an annual tax return, tracking and paying the annual real estate tax, providing tax reports, tracking debts / fines, timely informing about the payment of taxes and fees, monitoring information about any innovations in taxation in relation to foreign persons and their property, assistance in collecting the necessary documents for filing a tax return and advice on tax issues.
Checking the condition of real estate
Real estate inspection includes monitoring the technical condition of your property. During the year, we visit the facility seven times to make sure that your house and garden area are maintained in proper condition, check the condition of pipes, electricity meters, house and garden. This service is available only for properties located within a radius of 150 km from Thessaloniki, Athens, Crete.
Payment of utilities and other payments
Utility bills include bills for electricity, water, telephone, internet, as well as maintenance of an apartment building or complex. Payment is made from 1 to 12 times a year, depending on the frequency of sending invoices. We make payment from the amount of the deposit, which you can leave at the company's office at any time, after which we will send you a payment notification by email.
Payment of property tax
Since 2014, Greece has introduced an annual property tax - сΦ. Its amount is calculated based on the cadastral value of the object, which depends on many criteria: year of construction, footage, location, etc. Typically, tax is charged in September and is payable within 5 months (in five separate installments), or you can pay it immediately in one installment. To pay tax, you can leave us a deposit - on average, at the rate of 3-4 euros per sq. m. We track the release date of the receipt, inform you about the amount of tax and make the payment, after which we send you a payment notification by e-mail.
Concierge services include booking air tickets, train and ferry tickets, car rental in Greece, ordering a transfer or taxi service, visa support, travel insurance, hotel reservations, excursions, translation services and much more. This also includes the supervision of construction work, the development of interior and exterior decor for your home, the installation of alarms, video surveillance, furnishing and the purchase of household appliances. Concierge services are very diverse, and therefore you can read more about them in the corresponding section .
In addition to standard service packages, Greece Invest carries out one-time actions in the field of managing your property. These include: paying a one-time payment (for example, real estate tax, vehicle tax or utility bill), opening / closing your bank account in Greece, and a one-time check of the technical condition of the property.
Many of our clients prefer to rent out their property during their absence. For these purposes, the Aktis group of companies has a special department that deals with the rental of real estate throughout Greece.
Renting out is a separate service that is not included in any of the property management packages. You can order it additionally at any time after signing, or without signing an after-sales service agreement. In this case, we will add your property to the real estate database (https://holidaygreece.ru/) of the company. Our responsibilities also include searching for potential tenants, concluding a lease agreement, preparing the house for moving in, checking and ensuring the house is cleaned after check-out, issues of tenants' arrival / departure, obtaining rent, and other related tasks.
As mentioned above, real estate after-sales service consists of several types of services. They are grouped into three main packages:
this package includes accounting support for the maintenance of your property. This is the most economical option, which is suitable if you often visit Greece: the cost of the basic package is 50 € per year.
the package includes accounting support, payment of utility bills and real estate tax, as well as concierge services. The cost per year is 170 € for one property, and an additional 20 € for each subsequent one.
accounting support, payment of utility bills, real estate tax, concierge, checking the condition of real estate 7 times a year. The package price is 420 € per year for one property, and 170 € for each subsequent property.
In each case, the declaration of the property with the tax office and the initial filing of the tax return are paid separately. The cost of the service is 50 euros. At the same time, in the case of buying real estate in the name of several family members at once, there is a special discounted price for them: an additional 10 euros for spouses and 20 euros for relatives of other degrees of kinship.
In cases of providing one-time services, the following prices apply:
- One-time payment of a separate payment - 10 euros
- Opening or closing your bank account in Greece - 30 euros
- One-time check of the technical condition of the property - 50 euros
The service of renting your property and placing it in the company's real estate database is free of charge. At the same time, in each case of renting real estate, the company's commission is 20% of the rental cost.
You can learn more about the offered services and prices by contacting a specialist at Greece Invest.