TRY BEFORE YOU BUY SCHEME
Corfu Construction is unique on Corfu in that we offer a "try before you buy" scheme in Theo's Village, Poulades. De luxe accommodation is provided in our lovely show house (CP106) for those wanting to spend a few days on the island, explore the beautiful surrounding area and sample the excellent quality of our craftsmanship at first hand.
Since we are a construction company and we own our properties, we also have the distinct advantage of being able to sell our houses direct to the public, not via an estate agent which saves the client around 2.5% of the property's value in estate agent's fees. Not only is this process highly efficient but our hand-picked, multi-lingual team (including civil engineer, designer, marketing consultant, etc), are skilled in reducing red tape and Greek beaurocracy. You will deal with the same person at every stage of the proceedings and we guarantee a prompt, professional and highly personal service.
Inspection visits comprise:
Exclusive use of our de luxe show home (CP106). There are lovely photos of the interior on the website
Free use of the fabulous swimming pool at a hotel 5 minutes’ walk away
Taxi transfers from the airport
Fully-escorted tours of the properties
A sight-seeing trip around the island, opportunities to swim, explore etc
Complimentary lunch and dinner each day in fine quality tavernas and restaurants
A well-stocked fridge for breakfast, snacks and evening drinks
The cost of the trip (€ 250 for two people, € 150 for one person per night) and your flights will be refunded to you if you decide to go ahead with a purchase. You will not need to spend a Euro while you are here and we can guarantee you a very pleasant few days, say for example a Friday – Monday, or Tuesday – Friday, whichever is most convenient for you. We are able to offer you inspection visits all year round, not just in summer. We can help you to book flights too if appropriate.
We would be delighted to welcome you to Corfu and to show you around and we are sure you will like what you see very much.
Please contact us via the contacts page if you would like to discuss this further.
CHOOSING THE FITTINGS (e.g. tiles, taps, sanitary ware)
A. You can buy a plot and plan your house from the very beginning, incorporating your own desires and wishes. We have plethora of plots which offer fantastic views, where we can design and build the house of your dreams.
B. If a house is bought off-plan or is already semi-completed, the owner has input on fittings and finishings. We offer a high specification as standard but you can change or augment this within a pre-agreed budget. The materials we use are durable and high quality and are therefore not cheap but if you want to choose something more (or less) expensive, this can be arranged and duly adjusted in the final selling price.
HOW DO I OBTAIN A MORTGAGE OR BANK LOAN?
Raising a loan from a Greek bank has become very simple for EU citizens and rates are very competitive. We have excellent relationship with some of Greece's most respected banks and would be pleased to offer an introduction.
General conditions and documents required:
1) A tax return for the past three years. Borrowers may be granted funds of between 3 - 5 times the amount stated on their return. All documents must be translated into the Greek language and certified by a Greek consulate or embassy. Banks also require a current bank reference and proof of savings, pensions etc.
2) The borrower must not be on any credit blacklists of any country.
WHAT ABOUT PLANNING PERMISSION, VILLAGE BOUNDARIES, REGULATIONS?
There are certain settlement zones specified in Greece, which include towns, villages and certain settlements defined according to the concentration of houses. Building a house within these zones is very easy, because you are allowed to build a house on any plot, whatever its size, as long as there is an adjacent road.
These settlements are divided into three categories:
A. Traditional settlements. In Corfu there are more traditional settlements than anywhere else in Greece. Buildings which are to be constructed in such settlements must strictly conform with the Corfiot architecture.
B. Old settlements, which already existed before 1923
C. Modern settlements
The main difference between the settlements of category A and those of category B and C – apart from their architectural style - is the size limit of the buildings. For example, on a 100 sq.m. plot of category A you are allowed to construct 100 sq.m., whereas on a plot of the same size belonging to category B or C you would be allowed to construct 160 sq.m.
Apart from the plots belonging to the above categories, you are also allowed to build on plots which are located outside a defined settlement but border on a national, country or main community road. It should be pointed out that such roads are defined by maps from the prefectural government and are not allocated at the civil engineer's discretion. In this case the minimum size of the plot which one is allowed to build on is 750 sq.m.. The maximum size of the building would be 100 sq.m..
NOTE: Each plot of this category IS NOT FIT FOR BUILDING ON IF IT CONSISTS OF TWO OR MORE DIFFERENT PLOTS JOINED TOGETHER. Needless to say Mr Karametos does not offer these types of plot.
Plots belonging to this category are a minimum size of 2000 sq.m. and the minimum distance to the settlements of category B must be 500m in straight line. On such plots you are allowed to build 200 sq.m.. The above note also applies for plots of this category.
PROPERTIES LOCATED OUTSIDE SETTLEMENTS
Under current Greek law, in order to be allowed to build a house on a plot that does not belong to any of the categories listed above, the plot must have a minimum size of 4000 sq.m.. In this case you would be allowed to build 200 sq.m.
On a plot of 5000 sq.m., 6000 sq.m., 7000 sq.m., 8000 sq.m. or 9000 sq.m. you would be allowed to build 220 sq.m., 240 sq.m., 260 sq.m., 280 sq.m. or 290 sq.m. respectively. For each additional square meter you would be allowed to build 10 square meters more. The above note also applies for plots of this category.
Under current Greek law, the maximum size allowed for a house DOES NOT INCLUDE the basement, the garage, the swimming pool and the verandas. In compliance with anti-seismic regulations, the size of the basement must be the same size as the ground floor. The size of the verandas may be up to 20% of the total allowed building size. For example, if on a given plot you were allowed to build 200 sq.m., the maximum size of the verandas would be 40 sq.m..
(Due to the fact that the construction industry in Greece is governed by a complex legal regime, potential buyers should seek the advice of a civil engineer, such as Theodoros Karametos before buying any landed property).
Before buying a property, you must engage the services of a Greek lawyer to carry out the transaction.
What documents must you receive from the seller before signing the contract?
The seller must provide:
B. Contract registration certificate by the land registry proving ownership
C. Topographical plan, in which the seller states that the borders of the property are those shown on the plan and a statement in which the engineer declares that the plot is fit for building.
D. If the property is located outside a settlement, a document must be obtained by the seller from the Forestry Department, stating that the plot is not part of a forest, because in such case building is prohibited.
E. Your lawyer must provide a document from the Land registry, declaring that the property is not mortgaged nor has other debts attached to it and has not been seized by third parties.
The seller must provide the following documents before signing the contract in case the plot to be sold contains a building, which was constructed after 1955:
1. All the documents listed above plus:
2. Building permit
3. Plans bearing the seal of the City Planning Authority. The plans must also be checked by a civil engineer, who will assure that their implementation was performed according to the City Planning Authority’s restrictions.
4. Documents issued by the Institute of Social Securities, stating that the seller is not in any debt towards the Institute regarding the construction of the existing building.