Guide to Buying Property on the Island of Alonissos

Investing in property on the picturesque island of Alonissos, Greece, offers a unique opportunity to immerse oneself in the tranquil beauty of the Aegean. Known for its stunning crystal-clear waters, lush greenery, and charming villages, Alonissos provides a serene escape from the hustle and bustle of modern life. The island's rich history and vibrant culture are complemented by an array of activities, from exploring the marine park to indulging in local cuisine. As you consider your purchase, envision a home where every sunrise casts golden hues over the sea, inviting you to savor a lifestyle defined by elegance and leisure.ties. Here’s a comprehensive guide to navigating the process of acquiring property on this enchanting island.

1. Choose us

Let Meraki Island Homes be your trusted partner in realizing your vision. Choose Meraki Island Homes for a partnership grounded in excellence and distinguished by uniqueness, ensuring that your dreams are transformed into an extraordinary reality.

2. Research the Market

Before committing, familiarize yourself with Alonissos’ real estate landscape. Property types range from traditional stone houses to modern villas, with prices influenced by location, size, and amenities.

3. Understand Legal Requirements

Purchasing property in Greece, particularly as a foreigner, involves legal considerations. Non-EU buyers may need to obtain permission from local authorities. Ensure you understand the following:

• Tax Implications: Familiarize yourself with property taxes, purchase taxes (transfer tax), and ongoing liabilities.

• Legal Representation: Hire a lawyer fluent in Greek real estate law to assist with due diligence, contracts, and negotiations.

4. Visit Properties in Person

Digital listings can provide initial impressions, but visiting properties is crucial. Take note of:

• Condition of the Property: Inspect the structural integrity and amenities. A professional inspection is advisable.

• Surroundings: Explore the neighborhood, access to amenities, beaches, and transportation options. Consider local infrastructure and potential for future development.

5. Make an Offer

Once you’ve selected a property, it is time to make an offer. We will help set a fair price based on market analysis. Negotiation may be necessary, so prepare for a dialogue with the seller.

6. Conduct Due Diligence

Before finalizing the purchase, ensure comprehensive due diligence:

• Title Search: Confirm the property title is clear of encumbrances or legal complications.

• Site Regulations: Verify zoning laws and building restrictions to understand the potential for future modifications or expansions.

7. Finalize Financing

Evaluate financing options, whether through local banks or international lenders. If you require a mortgage, confirm the terms offered and prepare necessary documentation.

8. Sign the Contract

Upon satisfactory completion of due diligence and agreement on price, sign the sales contract. Ensure your lawyer reviews the document to safeguard your interests. A deposit is usually required at this stage, often around 10% of the purchase price.

9. Complete the Purchase

Finalize the deal by transferring ownership at the notary's office. Both parties, along with legal representation, will sign the contract in the presence of the notary, who will handle the registration of your new property with the Land Registry.

10. Your New Life

Once the transaction is complete, immerse yourself in the Alonissos lifestyle. Join local communities, explore the island’s breathtaking landscapes, and savor the rich cultural heritage.

Investing in Alonissos not only means acquiring property but embracing a serene and enriching way of life in one of Greece's most captivating island destinations.