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Land for sale in Vatos, Kerkira, Greece

Land for sale in Vatos, Kerkira, Greece - photo 1
Land for sale in Vatos, Kerkira, Greece - photo 2
Land for sale in Vatos, Kerkira, Greece - photo 3
Land for sale in Vatos, Kerkira, Greece - photo 4
Land for sale in Vatos, Kerkira, Greece - photo 5
Land for sale in Vatos, Kerkira, Greece - photo 6
Land for sale in Vatos, Kerkira, Greece - photo 7
Land for sale in Vatos, Kerkira, Greece - photo 8
Price€250,000
TypeLand
Land area4138 m²
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Environment

Description

For sale land of 4138 sq.meters on the island of Corfu. The territory has water supply, electricity supply, building permission of 1600 sq.meters. The land has a forest view. With the current town planning legislation the property has the ability to be separated into 4 plots of land well buildable. Each plot can build for a residence of 400 sq.m. and extra auxiliary spaces not included in the building. The plot, when used for the construction of shops or offices, offers the potential to build 720 sq.m. and in addition the spaces described in the house. For the construction of a hotel or furnished apartments the building capacity is 2100 sq.m. in addition to the auxiliary areas as in all the categories mentioned above.

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Interest Rate
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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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