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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Santorini 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 Santorini.

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 Santorini

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


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

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


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


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

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