What are the Steps to Buy a Home in Hamptons Greece?

Step 1: Begin your journey by connecting with our seasoned real estate consultants at Hamptons Greece. They are poised to guide you to your dream property from our available villas.

Step 2: Once your perfect home is chosen, engage in a straightforward purchase and sale agreement, backed by an initial deposit of merely 25%. With Hamptons Greece, your ease is our priority.

Step 3: As a valued client, you’ll receive an in-depth project timeline from us. We are dedicated to transforming your dream home into a reality by June 30, 2026.

Step 4: Be part of the creative journey! Stay engaged with regular construction updates and shape your home by choosing from an array of exquisite standard finishings or superior upgraded options.

Step 5: Witness your dream turning into reality! Participate in the final inspection, and upon your satisfaction, give your sign-off when the construction is immaculately completed.

What are the monthly maintenance fees and what do they cover?

The monthly maintenance fees at Hamptons Greece are €1 per square meter, which equates to approximately 10 cents per square foot. These fees cover a wide range of premium facilities and services, including:

• Concierge service
• Gardening and external repairs
• 24-hour security and concierge
• Pool maintenance
• World-class amenities such as gated community, 24 hour security, spa, gym, movie theater, business center, and more. By paying these fees, you can enjoy the luxury and elegance of your villa without having to worry about the maintenance and upkeep.

The management of these facilities and services are handled by our experienced and competent team, ensuring that everything runs smoothly and effortlessly. At Hamptons Greece to give you more peace of mind, we are guaranteeing this rate for 3 years!

What other expenses do I have to pay every month?

As a homeowner, you will be responsible for paying for your own electricity, gas, water, and internet bills.

Is there a land transfer tax when I buy my house?

Yes, when purchasing a property in Greece, you should plan on setting aside approximately 5% of the purchase price for closing costs. This will cover the cost of a 3% land transfer tax to the Greek government, as well as 2% for the services of a lawyer and notary public. For example, if you were to purchase a house for €585,000, your closing costs would be approximately €29,200.

Do I have to pay Property Taxes every year?

Yes, property taxes in Greece are some of the lowest in Europe, ranging from 0.1% to 0.55% of the property’s value each year. For example, for a property worth €200,000, you would expect to pay €200 – €400 in property taxes each year.

What is the Greek real estate market like?

The Greek real estate market is one of the hottest and growing markets in the world, attracting international buyers and investors. This is due to a combination of factors, including the country’s political stability, high quality of life, fantastic weather, rich culture, and stunning natural beauty.

According to the Bank of Greece, house prices in urban areas rose by 11.32% in the year up to Q3 2022, following year-on-year increases of 10.26% in Q2 2022, 10.35% in Q1 2022, 10.81% in Q4 2021, and 9.4% in Q3 2021. In fact, this was the best performance since Q4 2006. Greece has even been named by Prem Watsa, Canada’s Warren Buffet, as the best country to invest in 2023.

In August 2023, Morgan Stanley recognized Greece as the premier emerging market globally. We’ve compiled a White Paper offering insights into the Greek real estate landscape, along with a comparative analysis of Hamptons Greece’s value relative to other properties in the vicinity.

What is the cost of living in the area?

The cost of living in Greece is lower compared to the United States and Europe, by 28% to 37%. From housing and dining out to healthcare and even hair care, the average cost of living is relatively low. A single person can expect to spend approximately €700 per month, while a family of four may require approximately €2,200 per month. For international students, the average monthly cost of living in Greece, excluding rent, is roughly €700.

What is the crime rate like in Greece?

Greece is known for being one of the safest places in the world to live and raise a family. Serious crime is rare, and there is a dedicated police force in place to assist the international community. You can rest assured that your safety and security are well taken care of in Greece.

Can I make changes to my unit after I have purchased it?

Yes and no, you are free to make changes to your unit to reflect your personal style and taste, however all changes must be approved by the Hamptons Greece Property Management team in order to maintain the quality and aesthetic of the community. This includes changes to the interior of the property, as well as any modifications to the property.

What kind of security is in place in the community?

Hamptons Greece takes the safety and security of its residents very seriously and has put in place a comprehensive security system that includes 24-hour surveillance, guards and concierge service. The community also has a state-of-the-art fire alarm and suppression system to ensure that residents are protected in case of an emergency. Additionally, all access points to the community are secured with keyless entry to ensure that only residents and authorized guests are able to enter the community.

Are there any age restrictions in the community?

No, there are no age restrictions in Hamptons Greece, making it an ideal place for families, couples, and individuals of all ages to call home.

What is the quality of Greece Education System?

Greece is known for its commitment to providing high-quality education to students of all ages. The schools and universities in Greece offer a range of benefits that make the country an attractive destination for students from around the world.

High-Quality Education: The academic standards in Greek schools and universities are rigorous, and students receive a comprehensive education that prepares them for success in their personal and professional lives. Teachers are highly qualified and experienced, and the curricula are designed to challenge students and help them achieve their full potential.

Access to Cutting-Edge Technology: Greek schools and universities invest heavily in technology, providing students with access to the latest equipment, software, and online resources. This technology-rich environment supports students’ learning and helps them to stay up-to-date with the latest developments in their field of study.

Strong Cultural Heritage: Greece has a rich cultural heritage, and schools and universities play an important role in preserving and promoting this heritage. Students can learn about the history, art, literature, and philosophy of ancient Greece through their curricula and extracurricular activities, gaining a deeper appreciation for their cultural heritage.

Opportunities for International Study: Many Greek schools and universities have partnerships with institutions around the world, providing students with opportunities to study abroad and gain a global perspective on their field of study. This exposure to different cultures and ways of thinking can help students to broaden their horizons and develop a more nuanced understanding of the world.

Career Opportunities: Graduates of Greek schools and universities are well-prepared for careers in a variety of fields, including business, technology, engineering, and the arts. The education they receive equips them with the skills and knowledge they need to succeed in their chosen field, and the strong cultural heritage of Greece helps them to develop a unique perspective that sets them apart from their peers.

The education system in Greece stands out as one of the best. Those opting to study in Greece are guaranteed a comprehensive and fulfilling educational experience. To assist you further and offer in-depth insights into the Greek Education System, we’ve curated a White Paper for your perusal.

What is the parking situation like? Is parking included or extra?

Parking is an essential part of any home, and at Hamptons Greece, we understand the importance of this. That’s why all of our homes come with parking as standard. In addition, we will be offering special valet parking for visitors, making it easy for your guests to park their car and get on with enjoying their visit. With secure, convenient parking included in the price of your home, you can rest assured that your car will always be safe and within easy reach.

Is it required to use Hamptons Greece Property Management/5 Star Hotel for rental management?

Indeed, to guarantee a premium rental experience coupled with utmost safety, security, and convenience for both homeowners and their guests, the rental management is exclusively managed by Hamptons Greece Property Management and our affiliated 5 Star Hotel group. This protocol ensures seamless guest check-ins, meticulous inspections of homes before and after each stay, and complete access for your guests to all the resort’s amenities.

What kind of income can I expect from my investment?

At Hamptons Greece, we project that homeowners can expect a substantial annual income revenue of 14% or potentially higher. With careful management and flexible ownership programs, your property is positioned to pay for itself. For a thorough understanding and insight into why Hamptons Greece stands out as an exceptional vacation rental and investment opportunity, we’ve crafted an in-depth White Paper for your consideration.

How much should I list my villa for daily, and what are the management service fees involved?

You can set your villa rental rates starting from €400+ per day for our 2-bedroom villas, and they can reach up to €3,000 per day for the prime beachfront 6-bedroom properties. When you partner with us for property management, our expert hotel and rental team takes charge of the entire process. This involves handling credit card payments, overseeing reservation fees, ensuring top-notch cleaning services, and overseeing security and other administrative tasks. We provide these extensive services for a transparent fee of 15%. It’s worth noting that this fee also covers charges related to third-party reservation platforms, including Homeway, Airbnb, VRBO, Expedia, and more, allowing you to maintain a steady and substantial income from your investment.

How flexible is the rental program?

Hamptons property investors enjoy full control over their rental plans. As the owner, you dictate how and when to rent out your property, choosing the terms and dates that suit you. You can rent out your villa for up to 52 weeks each year.

What are the starting rental rates?

The starting rate for smaller units is €2,800 per week. Larger units command an absolute minimum of €15,000 per week.

Can I rent out my home to offset the cost of ownership?

Absolutely! Whether you’re looking to rent out your property to cover ownership costs, mortgage payments or to enjoy a flexible and hassle-free rental program, Hamptons Greece is the perfect platform.

Where can I find more information about the rental program?

You can download a free copy of our white paper, “Make Money with Hamptons Greece Rental Program” directly from our website for more comprehensive information.

How close is Hamptons Greece to essential amenities like supermarkets, restaurants, hospitals, and parks?

Hamptons Greece is just a few minutes away from a brand-new state-of-the-art hospital in Kavala and is located within 10 minutes of numerous great restaurants along the water serving the best cuisine.

Additionally, two major supermarket chains are just 5 minutes away, and Kavala International Airport is only 30 minutes away, while Thessaloniki international Airport is just 75 minutes away.

Are homes at Hamptons Greece sold furnished?

Yes, at Hamptons Greece, we understand that everyone has their own vision of their dream home, complete with furniture and other personal touches that make it feel like home. That’s why we include a free 8-10 hour consultation with some of the finest interior designers to help you choose the furniture and other items that best reflect your personal style.

The cost of furniture is estimated to be between €7,500 to €20,000 per bedroom, depending on your choice of furniture. So, for example, if you purchase a 2-bedroom house, the cost of furniture, including all items in the bedrooms, living room, bathrooms, kitchen, as well as TV, art, tables, mattresses, and blankets, could be as low as €15,000.

When can we anticipate the occupancy date?

Our projected occupancy date is set for June 30, 2026, a commitment we firmly stand by. In the unlikely scenario that we do not meet this deadline, we promise to compensate the purchaser with an annual interest rate of 7%, effective from January 1, 2026. This interest will be credited to your account and will subsequently be offset against any remaining balance owed to the Hamptons Greece upon final settlement.

We take pride in being the first real estate development company in Greece, and indeed in Europe, to offer this guarantee!

What exclusive amenities can residents expect when living at Hamptons Greece?

Residents of Hamptons Greece are treated to an array of unparalleled amenities. This includes a pristine golden sandy beach stretching nearly one kilometer, exclusive cabanas, a state-of-the-art wellness spa, and dedicated sports facilities like tennis and basketball courts.

Additionally, they can savor culinary delights in our fine dining restaurants, enjoy private screenings at our movie theatre, conduct business in our sophisticated business center, and relish the comforts of 24/7 security and concierge services. Our luxurious clubhouse, infinity pools, and cutting-edge fitness center further enhance the living experience. For a comprehensive list of our esteemed amenities, which garnered us a #3 ranking in a recent Nasdaq feature, please visit the “Lifestyle” section on our website.

How does Hamptons Greece compare in luxury and exclusivity to renowned global brands like Four Seasons or Ritz Carlton residences?

Hamptons Greece is designed to rival the luxury and exclusivity of globally acclaimed brands like the Four Seasons or Ritz Carlton residences. Our dedication to unmatched luxury, sophistication, and exclusivity ensures an elite living experience tailored for the truly discerning.

Our meticulous attention to detail and unwavering commitment to superior service either meet or even eclipse the high standards set by these iconic brands. Moreover, we are currently in advanced discussions with premier 5-star hotel chains, aiming to bring their esteemed brand to the Hamptons Greece community. Given our strategic location, the architectural finesse, and the unparalleled quality of our homes, we firmly believe Hamptons Greece is not only one of the finest real estate projects globally but also an outstanding investment opportunity.

Are there concierge services available 24/7 for residents of Hamptons Greece?

Absolutely. Our residents enjoy the privilege of 24/7 concierge services, catering to their every need and ensuring a life of comfort and ease.

Do residents have exclusive access to any private beaches or waterfronts?

Indeed, residents of Hamptons Greece are treated to exclusive access to our immaculate Golden Sandy beach. Here, they can luxuriate in their designated cabanas and beach chairs, relishing top-tier food, drinks, and service courtesy of our 5-star hotel’s beach bar. Each villa is allocated between 4 to 8 exclusive and reserved cabanas and beach beds, contingent upon the size of their villa. Furthermore, the stunning sea views that can be enjoyed from their exquisite villas only enhance this unparalleled beachfront experience.

What security measures and technologies are implemented in Hamptons Greece to ensure the safety and privacy of its residents?

At Hamptons Greece, security is paramount. We employ cutting-edge technologies, including biometric access, 24-hour surveillance systems, and a 24 hours per day dedicated security team to ensure our residents’ utmost safety and privacy.

Can residents expect bespoke in-house spa and wellness facilities similar to those found in Six Senses, one and only or other world class properties?

Absolutely. As Hamptons Greece continues to evolve, we are committed to establishing a spa and wellness center that will not only be a benchmark in Greece but also on a global scale.

Our vision for the future includes offering residents an unparalleled sanctuary reminiscent of esteemed brands like Six Senses and One and Only. Future residents can look forward to indulging in bespoke treatments and therapies, all while immersed in state-of-the-art facilities.

As we progress in our journey, we anticipate collaborating with some of Greece’s top wellness professionals and introducing amenities such as a Turkish hammam, sauna, steam room, cold room, and an exquisite indoor jacuzzi and pool. The Hamptons Greece spa and wellness experience is poised to be a paradigm of luxury and rejuvenation in the near future.

Is there a dedicated team for property management and maintenance at Hamptons Greece?

Absolutely. At Hamptons Greece, we prioritize the comfort and peace of mind of our residents. Our dedicated property management team ensures that every residence and communal area meets the highest standards of upkeep and aesthetics, offering residents a seamless and luxurious living experience.

Every villa within Hamptons Greece is enveloped in comprehensive year-round maintenance care, which encompasses gardening, swimming pool cleaning, outdoor maintenance, and prompt external repairs. Our esteemed residents can be assured that their property’s well-being is entrusted to our highly-skilled maintenance staff and management teams. We are devoted to delivering quality service of the highest caliber, allowing residents to savor a truly carefree and opulent stay.

And the cherry on top? All these world-class amenities, property management, 24-hour security, and concierge services are available at an astonishing rate of €1 per m^2 of your property. So, for a residence spanning 90 square meters, your monthly commitment is a mere €90! Luxury living has never been so affordable.

How spacious are the residences and what types of views can residents anticipate?

Residences at Hamptons Greece are the epitome of spacious luxury. Every home offers breathtaking panoramas, be it serene seascapes, verdant landscapes, or the alluring Aegean horizon.

Are there any personalized services or amenities that residents can request at Hamptons Greece?

Indeed. At Hamptons Greece, we believe in curating experiences that resonate with individual tastes and preferences. Our residents have the privilege of requesting bespoke services tailored to their unique desires.

Be it custom spa treatments, the luxury of private chefs to curate culinary delights, private catering for special occasions, dedicated butler services to attend to every need, or personal driver services for seamless travels, our adept team stands poised to deliver. Our commitment is to elevate every moment of our residents’ stay, transforming it into a truly personalized and luxurious experience.

What dining and culinary experiences are available within the gated community?

Hamptons Greece is set to be a culinary paradise, boasting an array of fine dining gourmet restaurants right within its precincts. Residents and guests can look forward to masterpieces curated by renowned chefs, where menus encapsulate the rich flavors of local Greek delicacies, as well as the best of international cuisines, all served within an ambiance dripping with opulence.

We are currently in the midst of exciting discussions with globally acclaimed chefs and restaurants, aiming to offer a dining experience that’s second to none in Greece. Ambitiously, our vision doesn’t stop there; our aspiration is not only to provide some of the finest dining options in the country but also to achieve the prestigious accolade of housing a Michelin Star restaurant within Hamptons Greece.

Are there opportunities for residents to purchase bespoke interior design or customization for their homes?

Absolutely. At Hamptons Greece, we understand the desire for individuality and personal expression in one’s living space. Thus, we afford residents the unique opportunity to collaborate with world-class interior designers, with whom we have established and are continuing to foster strong collaborations.

Residents can seamlessly personalize their villas (excluding the Hotel Residences) to mirror their distinct tastes and preferences. Recognizing the diverse tastes of our esteemed residents, our aim is to present them with an array of 5-7 renowned interior designer options to choose from. As each villa nears its completion, we will reach out to our residents six months in advance, introducing them to these designers.

Furthermore, we will provide a meticulously curated catalogue showcasing an array of furniture options. Leveraging our solid relationships with some of the world’s premier furniture manufacturers, residents can avail of these exquisite pieces at wholesale prices, ensuring a blend of luxury and value.

How does Hamptons Greece incorporate sustainable and eco-friendly practices within its community and amenities?

Hamptons Greece takes sustainability to heart, ensuring that our luxurious offerings align seamlessly with eco-conscious values. Our commitment to the environment is reflected in every facet of our project:

• Eco-Friendly Construction: We’ve handpicked construction materials that not only exude luxury but are also eco-friendly, ensuring that our majestic structures are in harmony with Mother Nature.
• Energy Efficiency: Our residences are a testament to modern engineering, incorporating a host of energy-efficient technologies. We are integrating Energy Star-rated appliances to promote judicious energy use. The inclusion of double or triple-glazed windows enhances insulation, while our commitment to harnessing solar energy is evident in the planned installation of solar panels across the property. Furthermore, with LED lighting and advanced heating and cooling systems, we guarantee an opulent experience that’s also energy-efficient.
• Commitment to NZEB Standards: In our endeavor to redefine luxury living, we’ve embraced the Nearly Zero Energy Buildings (NZEB) standards. This rigorous standard underscores our commitment to constructing edifices that are dramatically more energy-efficient—by up to 70%—and produce 70% less carbon dioxide compared to conventional structures. This means our residents enjoy the dual benefits of luxury living and an eco-friendly footprint.
• Promotion of Local Biodiversity: Beyond our walls, we’re dedicated to enhancing and preserving the local flora and fauna, ensuring that our opulent community thrives amidst Greece’s rich biodiversity.
• Achieving High Building Energy Ratings (BER): Our emphasis on sustainability is further demonstrated by our ambitious goal for all new homes within Hamptons Greece to meet the stringent NZEB standards. We’re aiming for an “A2” BER or higher, which signifies the pinnacle of energy efficiency in construction.
  At Hamptons Greece, luxury and sustainability are not mutually exclusive. We’re crafting an environment where our residents can relish unparalleled luxury, knowing they’re part of a community that prioritizes the planet.

Are there specific transportation services, like private car hires or shuttle services, available for residents?

Certainly. At Hamptons Greece, we deeply value the convenience and luxury our residents seek, and this commitment extends to our transportation offerings. Residents can avail themselves of our premium private car hire service, ensuring they always travel in style. For those who appreciate an added touch of sophistication, our chauffeured services provide not only convenience but also an added layer of elegance for any journey, be it a short errand or an extended excursion.

Understanding the cosmopolitan lifestyles of our esteemed residents, we’ve streamlined airport transfers, making arrivals and departures from Hamptons Greece a seamless experience. Furthermore, our community’s prime location offers the advantage of proximity to iconic Greek cities like Thessaloniki and Kavala. With our comprehensive transportation services, residents can easily embark on scenic trips to these cities or any other picturesque locales nearby. At Hamptons Greece, every journey, regardless of its distance, is promised to be a luxurious one.

Can residents host private events or parties at Hamptons Greece? Are there any dedicated venues or services for this purpose?

Absolutely. Hamptons Greece is designed with the sophisticated tastes of our residents in mind. For those looking to host events, from intimate gatherings to grand celebrations, we offer an array of exclusive venues that set the stage for memorable moments. Our elegant event spaces are complemented by comprehensive event planning services, ensuring every detail is addressed from catering to décor.

At the heart of our community is the Hamptons Greece 5-star hotel facility, which boasts a rooftop restaurant that provides panoramic views – a perfect backdrop for any event. Furthermore, our state-of-the-art convention center, capable of accommodating anywhere from 30 to 600 guests, is ideal for occasions of all magnitudes, be it birthday parties, weddings, corporate gatherings, bar and bat mitzvahs, baby showers, or any other significant life celebrations.

Moreover, the strategic inclusion of this convention center, along with our hotel, is two-fold. Not only does it provide residents with world-class event facilities, but it also positions Hamptons Greece as a sought-after event destination on the global map. This in turn offers a lucrative opportunity for residents to lease their villas to international guests, ensuring that the allure of Hamptons Greece reaches far and wide. In essence, we cater not only to the personal celebrations of our residents but also to their investment interests.

When is the projected start and completion date for construction? Are there provisions for any unforeseen construction delays?

We’re gearing up for an exhilarating journey as we anticipate commencing preliminary groundworks, such as land servicing, in the upcoming fall. Our projected timeline aims to have the residences gracefully standing and ready for handover by June 30, 2026, and the hotel opening its doors by September of 2026. With over 23 years of industry experience under our belt, combined with the prowess of our trusted construction partners, we are immensely confident about adhering to these timelines.

Recognizing the importance of trust and commitment, we are taking an unprecedented step: should there be any unforeseen delays in delivery, we are offering a 7% annual interest on the deposited amount as a guarantee starting January 1, 2026. This penalty will kick in starting January 1, 2026. Such a commitment is a rarity, especially in the North American real estate landscape. It underscores our unwavering dedication to delivering a timely, world-class project.

For those eyeing the Greek Golden Visa, there’s more good news. There’s no need to await the project’s completion to apply for the visa. Upon contract signing with us (and meeting all requisite criteria), you can expect to receive your Golden Visa in just about 90 days. Details about the Greek Golden Visa requirements are conveniently laid out in the Golden Visa section of our website.

Is there a resident’s portal or a dedicated app for requesting services, making reservations, or community announcements?

Yes, we will offer a dedicated app for our residents, streamlining service requests, reservations, and staying updated with community announcements, all from their smart mobile devices.

Can residents’ avail of housekeeping or butler services as part of their residence package for additional charge?

Yes, residents can indulge in our impeccable housekeeping and butler services, ensuring their homes remain pristine and their needs are attended to with utmost care.

What are the policies regarding guest stays and visits within Hamptons Greece? Are there any guest suites available?

Guests are always welcome at Hamptons Greece. Our policies ensure the comfort and security of both residents and their guests. All guests must be registered with the resort. For extended stays, luxurious guest suites are available, offering the same level of comfort and elegance as our residences.

How is Hamptons Greece integrating local Greek culture and heritage into its luxury experience for residents?

At Hamptons Greece, we deeply value the rich cultural tapestry of Greece. From architecture inspired by Greek heritage to culinary experiences that highlight local flavors, and curated events showcasing Greek arts and traditions, we seamlessly blend the country’s rich culture into our luxury offerings.

Do you have recommendations for insurance brokers?

Of course. We will introduce you to three trusted insurance providers in Greece. Through these introductions, we aim to ensure that our residents receive competitive rates along with comprehensive coverage options. Our intention is to connect you with providers that align closely with your specific needs and preferences.

Is there a reserved parking given for the hotel residences? How many spots?

As outlined in your agreement under the parking section, each hotel residence is allocated one free reserved parking spot. This parking space is situated in the guarded hotel parking lot, enabling you to utilize the complimentary valet service. Moreover, this spot is conveniently located less than a 2-minute walk from your villa.

Who is responsible for utility payments and what is the process?

In Hamptons Greece, each property owner is responsible for settling utility bills which include Electricity, Water, Gas, and Internet directly with the respective Greek authorities. Every villa is equipped with an individual meter for accurate billing. However, through our Hotel and Villa Management services, we offer the convenience of managing these payments for you. You will also receive monthly statements to keep track of your expenses.

Do the villas come with appliances, and are they included in the cost?

Absolutely. Each villa at Hamptons Greece is outfitted with top-tier appliances from renowned global brands, encompassing:

Kitchen Appliances:

• Integrated stainless steel refrigerator and freezer.
• Convection oven and microwave.
• Induction cooktop with range hood.
• Built-in dishwasher.

Laundry Appliances:

• High-efficiency washer.
• Condensation dryer.
• Outdoor Features:
• Built-in grill or barbecue station.

Smart Home Features:

• Centralized home automation system for lighting, climate control, and security.
• Smart thermostat.
• Integrated video doorbell.

Additional Features:

• Central vacuum system.

With these inclusions, every villa is designed to blend luxury with functionality, ensuring that residents experience the best of contemporary living.

Is the Resort Maintenance/Membership fee fixed? And is there a cap on its increase after the third year?

Certainly, at Hamptons Greece, we guarantee a monthly fee of €1 per square meter of your property for the initial three years. This encompasses services such as 24-hour security, concierge, gym, valet, business centre, movie theatre, garden and lawn care, swimming pool maintenance and cleaning, and every other amenity offered by Hamptons Greece.

As of now, we haven’t established a definitive cap on the annual percentage increase for the fee post the three-year mark. We want to clarify that our primary intention is not to profit from this, but rather to offset the expenses linked to upholding our resort’s elite standards. The landscape in three years could be shaped by multiple variables, so committing to a specific rate at this point might be premature.

However, any potential augmentation will always mirror the actual expenses of providing the exceptional services and facilities our residents have come to anticipate.

How much should I anticipate for Closing Costs when buying a villa at Hamptons Greece?

For your real estate transaction at Hamptons Greece, the Closing Costs are roughly estimated to be around 5% of your chosen Villa’s purchase price. It’s crucial to note that this is a provisional figure, and actual costs might fluctuate or even be somewhat lower. All incurred Closing Costs fall entirely on the Purchaser and are expected to be settled during the Title Transition Date.

Here are the typical elements that constitute these costs in the context of Greek real estate:

• Real Estate Transfer Tax: This is set at 3.09% of whichever is higher between the property’s market or “objective” value.
• Property Registration Fee: This is gauged at 0.475% of the higher value between the property’s “objective” or market valuation. On top of this, there’s a 24% VAT, and the Bar Association Social Security Agency imposes an extra charge of 0.125%.
• Notary Public Fee: This cost varies depending on the greater of the market or the “objective” value of the property. The rates oscillate between 0.80% and 0.10%, and a 24% VAT is applied.
• Legal Fee: This will be specified based on the transaction specifics and will be added to the overall cost.