Halkidiki Real Estate ... 
  Should I rent or buy an apartment in Halkidiki, Greece?
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Halkidiki Real Estate Calculator

Finding a Home In Halkidiki
If you plan to rent or buy a property in Halkidiki, finding your property will be a major step in your relocation to Halkidiki. If you have not lived in Halkidiki, you should rent rather than buy your property in Halkidiki, at least for six months. If you would like to rent or buy a real-estate property in Halkidiki you may email us at webmaster@greece-travel-guide.de with your real-estate questions.




It is the best way to know not only if Halkidiki is the place you want to live or retire for the next few years, but also if Halkidiki is suited for you.

Apartments & Houses in Halkidiki
If you are planning on living in Halkidiki, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Halkidiki to point out the negatives of a place they’re trying to rent or sell you.

Halkidiki Agencies
Real-estate agencies in Halkidiki advertise in local Halkidiki newspapers and as well on their office windows.

You should be able to notice a real estate agency in Halkidiki by the window full of ads for the different apartments or houses they have available for rent or sell in Halkidiki.

Before you begin working with an agency in Halkidiki, check that their fees are acceptable and that they are a member of the Halkidiki Real-estate Assocation. In most rental agreements in Halkidiki most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Halkidiki, real-estate agents in Halkidiki usually charge between 2.5% and 3% of the final sales price.
Monthly rent Halkidiki:€
Monthly Halkidiki rental insurance:€
Expected annual inflation rate in Halkidiki:  %
Purchase price of property in Halkidiki:€
Down payment amount:€
Length of Halkidiki mortgage term (years):#
Halkidiki Mortgage's annual interest rate:  %
Discount points on purchase of home in Halkidiki:  %
Origination fees:  %
Other loan costs in Halkidiki:€
Mortgage Insurance (PMI):  %
Halkidiki Homeowner's insurance rate:  %
Monthly association dues in Halkidiki:€
Average monthly maintenance of Halkidiki property:€
Halkidiki Annual property tax:€
Halkidiki plus government income tax rate:  %
Interest rate you expect to earn on savings in Halkidiki:  %
Expected percentage your Halkidiki home will appreciate by each year:  %
Number of years you will stay in Halkidiki:#
Halkidiki Realtor commission rate:  %
Total estimated cost of renting a property in Halkidiki:€
Total estimated cost of buying a property in Halkidiki:€
After coming to an agreement on a rental or purchase, both parties in Halkidiki sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Halkidiki with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Halkidiki will be affixed to the agreement.

Renting
Real estate agencies in Halkidiki are the safest way if you want to rent or buy a property in Halkidiki. Please make sure they are a licensed agent in Halkidiki and very familiar with the Halkidiki property market.

Local newspapers in Halkidiki also advertise apartments and houses for rent, but word of mouth is the best way in Halkidiki. If you are currently an academic in Halkidiki, you could check local at local universities in Halkidiki, where apartments or rooms for rent are commonly posted.

In general rental rates in Halkidiki, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Halkidiki. You can find yearly leases in Halkidiki, and more short-term housing is available near academic institutes or around tourism areas within Halkidiki.

Short-term tourist housing in Halkidiki is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Halkidiki.

If you want to buy a property in Halkidiki, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Halkidiki to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Halkidiki.

If you are buying a brand new property, you’ll need to pay property tax in Halkidiki. If your purchase is a luxury property, you may have to pay local taxes in Halkidiki and possible stamp duty.

Even as a non-resident homeowner in Halkidiki, you may become liable for all kind of taxes in Halkidiki, including income tax.

Halkidiki Mortgages
If you plan to take a mortgage in Halkidiki you need at least a 20% downpayment of the purchase price of the property in Halkidiki. Even if you generate rental-income from renting your Halkidiki property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Halkidiki Real Estate calculator will help you to compare the costs of renting a house or condo in Halkidiki to the costs of buying a house or condo in Halkidiki. Since there are all kinds of forces at work behind the scenes such as the current interest in Halkidiki, Halkidiki property taxes, tax savings, appreciation in general to investments in Halkidiki, comparing the cost of renting to the cost of buying in Halkidiki is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Halkidiki Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Halkidiki.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Halkidiki

  • Halkidiki Multi-Family
    Traditional, multi-family residential complexes located in Halkidiki and suburban markets of Halkidiki.


  • Halkidiki Mixed-Use
    Properties in Halkidiki that integrate and combine residential with different uses, including retail and office spaces.

  • Halkidiki Office
    Traditional office or office type properties in Halkidiki.


  • Halkidiki Retail
    Properties in Halkidiki with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Halkidiki.


  • Halkidiki Light Industrial
    Single- or multi-tenanted spaces in Halkidiki used for warehouse, manufacturing, distribution, or research and development in Halkidiki.

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