Amorgos Island Real Estate in Amorgos Greece-Houses Villas Hotels for sale in Amorgos Island

Amorgos Island Real Estate in Amorgos Greece. Houses villas hotels for sale on the island of Amorgos. Within this article, one can find out what to consider and the steps to take when buying a property on Amorgos Island.

1. First find a property that you like on the Internet or even better after a couple of visits to the island of Amorgos. Keep track of all the properties you visited in Amorgos Greece. Real estate prices on the island of Amorgos will vary greatly. A large gap in the assessment of the city will also be noticed, and the market value generally the assessment of the city is lower up to five times, however, in some cases, the assessment of the city will be higher than the market value , so don’t take it for a wrinkle.

2. Pay special attention when buying land, on the island of Amorgos in Greece.

If one decides to buy land and wants to build, the construction laws in Greece change frequently, so you will also have to hire an engineer or a surveyor who will inform you about the specific property in Amorgos Greece. A lawyer and a notary cannot help you in this step. If they do, you will get wrong information and could end up with some Amorgos Island real estate that cannot be used.

3. The costs of buying real estate on the island of Amorgos are as follows. Calculated on the assessment of the city or the price set in the deed of sale, whichever is higher, the notary will charge the lawyer around 2% from 1.5% to 2%, and government transfer taxes today they are around 13%, however the government tax rates relating to real estate in Amorgos Greece change from time to time. Engineering costs for the purchase of land can vary from 300 to 1000 euros. Also, if a real estate agent is involved, the agreed-upon fees must be paid or else action can be taken against them in the future.

4. Once the work is done, the lawyer and the notary apply to the real estate registry of the island of Amorgos for the 4 certificates related to their real estate in Amorgos Greece. These should be a certificate of ownership, one stating that there are no existing loans or supports, a certificate that there are no private or government claims against your real estate on Amorgos Island, and a certificate of transcription or, in simple words, that his deed is actually registered in the real estate registry of the island of Amorgos.

5. Don’t forget that after all of the above you will be asked to file income tax for the next tax year. On the income tax form you submit, you will be asked to prove where you got the funds to buy real estate on the island of Amorgos in Greece. For more details, be sure to consult with your attorney before purchasing your favorite property on the island of Amorgos. Be careful with this step, you don’t want any unexpected surprises in the future. If you cannot prove where you obtained the funds from, the purchase value on the deed of sale, as well as the notary’s fees will be calculated as income and tax will be applied on this amount in a staggered manner, from 0% to 43% approximately , which is the same scale that one has to pay for the Greek income tax or the income tax in Greece.

This article is designed to help people interested in buying real estate on the island of Amorgos.

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