Enjoying unforgettable holidays and investing at a unique location. You as well can become the owner of an exclusive villa. Of course you can spend a marvelous time here yourself. But additionally your villa will be an excellent investment. By partially renting out your villa, you will have an optimal return on investment. The OHLIVE Villas are suited as private accommodation, holiday rental, or both. You may of course like to see your villa as a second home. But you could share your crown jewel with others. It is worth considering: the combination of private use and rental is financially and fiscally very interesting.
Leading German airport operator Fraport recently acquired a 40 year concession for the management of 14 Greek regional airport amongst others Skiathos Airport ““Alexandros Papadiamantis”. This is good news for the touristic industry on the island: the acquisition comes with an investment commitment of over 400 million EURO for all airports. The project in Skiathos has just been finished at the end of 2019.
To better cater to the expected increase in touristic traffic, Fraport has invested the previous years in:
The upgrade of the airport is expected to have a significant impact on real estate prices on the island: already a top 10 Greek island destination as it is, the increased capacity will drive hotel & villa prices up. Indeed, the buildable land on Skiathos is a scarce resource, and the additional inflow of tourists is bound to drive budgets to the levels of Mykonos and Santorini. For investors that already have land positions in Skiathos, the expansion of the airport comes as a lucky surprise as analysts expect the real estate value to increase impressively.
Of course you like to enjoy your Greek dream villa yourself. However, when you are not around, your southern real estate is an excellent investment with a nice return. Optimizing that return is something that we want to make as safe as possible for you, by a fixed guaranteed rental income: you rent out your villa for 5 years to Architect Villas IKE (the company that will develop and rent), and you are sure of a 5% return per year on your investment*. Meanwhile, Architect Villas IKE takes care of operations & service. You can enjoy your villa yourself for 2 weeks per year in the touristic season and have unlimited use the rest of the year**.
Like in every European country, you pay taxes when you buy real estate in Greece. The good news is that these taxes are fairly low: about 4,83% (estimate) convers all notary fees & taxes.
Setting up the fiscally most advantageous way to rent out your real estate, is simple. It all starts with buying your villa as a private person. In order to do that, you just need a Greek tax number. Once you have that, you are set to go. The easiest way is to have a Greek accountant to take care of all the formalities for you. He can work for you by proxy, and that saves you at least a few trips to Athens.
Buying real estate
Being an owner
*: Indicative average return calculated on the total of the price of the land, the construction cost of the villa, and the inventory, all taxes included, with own use of the villa from November till April. The exact annual guarantee will be stipulated in the rental agreement between the investor and Architect Villas IKE.
**:The choice for own use of the villa in a. July/August b. May/June/September/October c. the rest of the year, has an impact on the rental guarantee that will be proposed. The exact annual guarantee will be stipulated in the rental agreement between the investor and Architect Villas.