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Real Estate
Buying
Or Selling
Inheriting Property
Many people inherit property in Nisyros. This is a tremendous blessing.
It provides a bond to a wonderful place that is rich in culture and natural
beauty. How may people can go and stay in the house where their great-great-grandmother
and great-great-grandfather lived? These houses should be kept in the
family and passed to successive generations. Granted there are challenges
of upkeep and finances that exist. Hopefully, this writing can help you
learn from our experiences and better enable you to get much enjoyment
from your family property.
Purchasing a Vacation or Retirement Home
Nisyros is an ideal location for retirement and vacation. Non-Greek citizens
are legally able to purchase property on the Island. This is an good investment
as property in the Greek Islands is currently very undervalued. This is
especially true when comparing them to properties in other southern European
countries. Email us at paul@nisyros.com for contact information regarding
such a purchase.
Property Renovation
The story of the renovation of my grandmother's house "This
Old Home"
This article will be finished after I return from my current trip to Nisyros.
Frequently Asked Real Estate Questions
Question:
Is Nisyros the best place to invest in real Estate?
Answer:
With the European Union moving ahead rapidly many Europeans are looking
to make sound investments in other member countries. Nisyros is a good
place because of its desirability, natural beauty and accessibility. It
is also a very quiet place and not over run by tourists. For centuries
Greeks have come from the other Islands to vacation in Nisyros. The Greek
Islands are known, the world over, for being a most attractive vacation
area. Among the Greek Islands, Nisyros is blessed to have tremendously
fertile soil and much natural beauty. Some houses and lands are available
for sale on the Island. Nisyros provides tremendous potential for vacationing,
retirement, and plain relaxation. We expect an inflow of investment in
the next few years, making Nisyros a place you will want to own real estate.
Question:
Do you need to be a Greek citizen to own a house in Nisyros?
Answer:
No, members of the European Union Countries and Americans can own property
in Nisyros. Email us and we can put you in touch with people that can
aid you in filing the correct paperwork with the Greek Government.
Question:
How much are real estate taxes?
Answer:
Residents pay taxes currently as part of
their water and electric bills. Currently this runs at approximately $200
USD per year.
Question:
How much is home owners insurance?
Answer:
Currently this runs at approximately $150
USD per year for a $50,000 home. There is an insurance agent on the Island.
Question:
Are there good real estate management companies on Nisyros?
Answer:
There are some. Among them is Michael Antriotis.
Telephone: 011 302 242 0 31003 (This is as dialed from the US) or 011
302 242 0 31103
Michael speaks English.
Question:
Are there good builders and architects operating on Nisyros?
Answer:
Yes, Email me at paul@nisyros.net and I can
put you in touch with people that have been useful to me.
Question:
How are the public utilities such as water, sewer, electricity and phone?
Answer:
They are fine. Allow one month lead time
to connect utilities.
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