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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Rhodes 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 Rhodes.

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 Rhodes

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


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

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


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


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

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