STEP 1:

First payment = 10%-15% deposit.

• Once your Lawyer has helped you to open your Greek bank account, your deposit should be paid.
  
• The Lawyer will make a search on the land to ensure clear title and the Notary Public will prepare the contract.
  
• The Lawyer will then pay your deposit to Vision of Crete to secure the land purchase.

STEP 2:

Final payment = Remaining Balance.

• The balance of payment is due to be paid on the signing of contracts by all parties.

NOTE:

• Remember to budget for Lawyers, Notary Public and Land Transfer fees.

STEP 1:

First payment = 10% Deposit*

• Once the Lawyer has helped you to open your Greek Bank Account, your deposit should be paid.
• The Lawyer will make a search on the land to ensure clear title.
• The Notary Public will prepare the contract.
• The Lawyer will then pay your deposit to Vision of Crete.

STEP 2:

Second payment = 30%*

• Your next payment should be made into your Greek Bank Account.
• This payment completes the land purchase and the land is registered in the local Land Register in your name.
• Building work is begun with the excavation of the site and the laying of the foundations.

STEP 3:

Third payment = 30%

• This payment is the first stage construction payment.
• It covers building the framework up to completion of brickwork on walls.
• Roofing work, beginning of plasterwork and laying of pipe-work.

STEP 4:

Fourth payment = 30% less €1,000.00

• Second stage construction payment covers plumbing, electrics, installation and completion of doors and windows.
• All fixtures and fittings and any additional works required by the customer by way of extras.
• It also covers final painting, finishing works and clearance of the site.

STEP 5:

Fifth payment = €1,000.00

• This final payment is made when you receive the keys to your new home from Vision of Crete.

*Most customers combine the first 2 payments in one bank transfer in order to reduce costs i.e. bank charges and commissions.

STEP 1:

First payment = 10% Deposit.

• Once the Lawyer has helped you to open your Greek Bank Account, your deposit should be paid.
• The Lawyer will make a search on the land to ensure clear title.
• The Notary Public will check and prepare the contract.
• The Lawyer will then pay your deposit to Vision of Crete to secure the purchase.

STEP 2:

Second payment = 15%-20%

• This payment covers the internal clearance of the house and removal of plaster from walls.
• A survey is carried out by a Civil Engineer/Architect to determine extent of works to be carried out.
• Further structured payments can then be agreed.

The following expenses for buying a property (excluding the price of the property) are set by the Greek state:

• Property Purchase Tax
• Municipality Tax
• Expenses for the Notary Public
• Expenses for Legal Representation

Additionally, there are agent fees to consider.