According to the Greek law, which applies to the Greeks too, the additional costs a purchaser should calculate for the completion of a contract on Skopelos Island are:

9% on the objective price or the tax office estimation price for the first 15,000 euros and 11% on the rest of the objective price above the 15,000 euros. The objective price or the tax office estimation price is always much lower than the value price of the property.

About 2.5 to 3.0 % on the objective price or the Tax Office estimation depending on number of pages, copies, etc plus standard fees.

1% on the objective price or the Tax Office estimation for the first 44,000 euros and 0,5 % on the rest of the price above the 44.000 euros + standard fees 10 euros.

Example : You buy an old house in the town for a value price of 70,000 euros which has an objective price or a tax office estimation price of 35,000 euros

After the purchase of your new house, you should apply to the Electricity Company to change the supply and the bills into your name. Together with the application you should affix a copy of the new ownership (deed / title) and a recent electricity bill of the ex-owner. The costs are the following:

* please note that the advance payment against consumption is € 30 for one-phase of current, while properties with 3-phases of current pay € 250. The majority of Greek houses are connected with one-phase of current.

Note : The above figures apply to properties (houses) on Skopelos Island and have been updated in November 2005.