Luxury 5 bedroom villa in Isterni, Paros, Nomos Cycladon, South Aegean Islands
Family house on Paros A house built in the 80's was completely rebuilt by the current owner in 2004. The house is located in Isterni, 400 meters from the sea, on a plot of about 4000 m2. The first floor of 117 m2 consists of a very large living room, then a large kitchen, a bedroom and a bathroom. We have two terraces, one next to the kitchen is semi-enclosed and ideal for eating, protected from the wind, the second overlooks the sea. The second floor of 117 m2 also consists of three large bedrooms with large windows and bathrooms. The second floor has a terrace with magnificent sea views. Finally, the basement of 117 m2 consists of a bedroom or gym, bathroom, storage rooms and a large closed garage. In front of the house there are many olive trees and in the garden there are fruit trees (magnificent apricot trees), a huge barbecue area with a covered terrace for outdoor meals, a hammam and a beautiful swimming pool. The house is in excellent condition, double glazed windows, each bedroom has a radiator and air conditioning and the whole house is oil heated. There is no doubt that this is a very well located house just minutes from Naoussa, ideal for the whole family in winter and summer.
Characteristics
Property type
Elite
Object type
Villa
Price
1 345 679 $
FAQ
How can I get a residence permit by buying property in Greece?
In Greece a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Paros; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Greece?
Banks in Greece finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
What taxes and fees apply when buying in Greece?
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
How is the title checked in Greece?
A title search at the land registry of Greece takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Can I rent out property after purchase in Greece?
Yes. Rental income tax is 5–25% depending on the regime. In Paros short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (1 345 679 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Greece?
A typical transaction runs 30–90 days, averaging 45 in Paros: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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