An overwhelming paradise, full of turquoise waters and pine forests awaits in Halkidiki that gives exotic islands a run for their money! “There is nothing like Halkidiki,” say the northern Greeks and they know what they’re talking about. Get ready to succumb to the charms of its three beautiful peninsulas, namely Kassandra, Sithonia and Athos. The first two don’t discriminate, but the third is off limits to women, as it is home to the famous monastic state, Mount Athos.
Worth knowing about Halkidiki
Halkidiki has enclosed all the beauty you could possibly ask for in its 2,918 km2 and the approximately 105,900 residents can vouch for that. The residents are spread across its five municipalities, with a density of more or less 36/km2.
There is one general hospital that is also supported by five additional health centers. Halkidiki has no airport of its own but it is fully accessible by plane through the airport of Macedonia of Thessaloniki, while for those who prefer the sea, the closest ports are those of Thessaloniki and Kavala.
How is the Real Estate Market in Halkidiki?
It’s almost unbelievable that such a paradise comes with so many affordable options property-wise. While it is noted that Halkidiki attracts many buyers from all around Europe and the rest of the world, its prices remain reasonable and finding the home of your dreams should be no problem.
Its many popular areas, such as Kassandra, Propontida or Kriopigi, all offer options that can appeal to any budget. Still, the prices, as competitive as they are, are definitely following a rising course over the past few years, so if you are indecisive, now it’s probably the best time to trust your instincts and take the step towards your dream home.
What types of properties can be found in Halkidiki?
Finding a property in Halkidiki is an easy task indeed.
- Luxurious villas
- Modern Apartments
- Classic one-story houses
- Maisonettes
- Beautiful pieces of land
And that’s the beauty of Halkidiki; its diverse lifestyle that can satisfy every need, is reflected on its properties as well, offering a variety of options that can appeal to all ages, likes and budgets.
What are the advantages of buying a property in Halkidiki?
Halkidiki has more than twenty archaeological sites and the beautiful Mount Athos that has been a big part of the area’s history, even from Byzantine times. The great history doesn’t stop there, since we are talking about the birthplace of Aristotle, one of the most important figures in the world of philosophy and the world in general! Being in Halkidiki is like being in the presence of greatness but, having said that, it’s only fair to mention that in Halkidiki you don’t just get to admire the past, but live a very fulfilling present as well. Kayak, snorkeling, jeep safari and cave exploring are only a few of the options for the more adventurous, while those who just like to relax can enjoy a variety of spas, beautiful cafes, luxurious restaurants and charming boutiques.
For the purchase of real estate property, the following are required:
- a valid passport
- a Greek tax identification number (AFM*)
- a certificate from the responsible tax office about the payment of the land transfer tax
What are the Costs and Taxes on Property Purchase?
The purchase costs & taxes for the purchase of property in Greece, are the following:
- Land register costs, imposed for the registration of the property at the land registry or cadaster office, amount to 1,0% of the fair value.
- Other costs such as the legal review of ownership (of at least around € 150) must also be considered.
- Real estate property transfer tax, which arises with the acquisition of real estate property or the acquisition of real rights upon property and is paid in principle by the buyer, before the notarial certification of the real estate property purchase. The current rate of land transfer tax is 3.09% of the purchase price.
- Notarization costs or notarial costs, always borne by the buyer, unless there is a different regulation. The basis of assessment used is the purchase price or the so-called unit value. Always apply the higher value. The certification costs are on average 1,5% plus VAT 24% of the underlying value.
More information about properties in Greece here.
