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Building a property in Greece - Page 2

post #16 of 22
8/25/10 at 1:55pm
Quote:
Originally Posted by Rambo View Post
I didn't think so, given its tourist destination appeal, but it certainly would be worth considering.
I agree ... and wouldn't buy without expert advice from multiple sources local to the purchase. And there are so many things to consider ... including but not limited to those as follows:

- national & local government stability
- residency requirements (if not a citizen)
- one's rights under law (national & local)
- area & vicinity demographics, attitudes & manners
- neighborhool/community expectations
- tax implications (property, income, other)
- fee assessments/charges by authorities having jurisdiction (at the time of building & ongoing)
- area and vicinity real estate price trends
- view ordinances & protection
- design review guidelines, requirements, restrictions, & fees
- planning ordinances, requirements. restrictions, & fees
- building ordinances, codes, requirements, restrictions, & fees
- utility/service costs & fees (at the time of building & ongoing)
- building costs in local market
- building quality & expectations in local market
- buliding bid/estimate/cost accuracy
- builder's inclusions & exclusions (what costs extra!)
- cost of ongoing property maintenance & upkeep
- etc.
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post #17 of 22
8/25/10 at 2:16pm
My father-in-law is Greek and has a few properties there that he is developing. It's a royal pain in the ass. Bribery is indeed a national sport there, and if you're not a local you can expect to be bent over on a regular basis.

As well, if you start to dig and hit something that might be considered an artifact, kiss all your plans goodbye.
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post #18 of 22
8/25/10 at 2:19pm
Thread Starter 
Quote:
Originally Posted by RSS View Post
While the caldera does offer spectacular views ... a veiw that could be considered natural-wonder-of-the-world quality ... the side you are considering is also quite beautiful ... looking out to the sea and other islands beyond. I'd look at it this way ... what may soon be your view is superior to 99.9% of the views on earth.
Yes, I agree. I would consider Oia, but the allure of owning some land so I can plant olive and fig trees is too great. I really, really love Oia and it is one of my favorite little towns on earth. One thing that I must say about the Greeks is that for the 20 or so years that I've been going there, they are always so incredibly warm and eager to please you and for you to enjoy their city. I am really going to have to find someone I trust to be my eyes there. I am looking at a few contacts I have in Greece and seeing if I can't find such a person. Wish I had family there but I don't. I'm thinking I'll have to get the help of one of our family friends who live on Santorini a couple of months a year. It looks like one hell of a nightmare.
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post #19 of 22
8/25/10 at 3:15pm
If all you want to do is plant olive and fig trees in a bankrupt part of the world, land prices in California have dropped a good bit. The people aren't so great, though.
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post #20 of 22
8/25/10 at 3:43pm
Thread Starter 
Quote:
Originally Posted by iammatt View Post
If all you want to do is plant olive and fig trees in a bankrupt part of the world, land prices in California have dropped a good bit. The people aren't so great, though.

Hah, I remember when Greece still used the Drachma you could go to a taverna and have them bring you every last thing on their menu and more for what a shitty steak at Mortons would cost.

I don't think I really could live in California...
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post #21 of 22
8/25/10 at 4:20pm
i'd go for it
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post #22 of 22
8/25/10 at 4:23pm
Quote:
Originally Posted by SField View Post
It looks like one hell of a nightmare.
It's not that bad ... I assure you.
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