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

Finding a Home In Paros
If you plan to rent or buy a property in Paros, finding your property will be a major step in your relocation to Paros. If you have not lived in Paros, you should rent rather than buy your property in Paros, at least for six months. If you would like to rent or buy a real-estate property in Paros 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 Paros is the place you want to live or retire for the next few years, but also if Paros is suited for you.

Apartments & Houses in Paros
If you are planning on living in Paros, 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 Paros to point out the negatives of a place they’re trying to rent or sell you.

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

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

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

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

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

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

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

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

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

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

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

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

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

The Paros 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 Paros.

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 Paros

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


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

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


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


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

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