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Spotless lock up and leave two / three bedroom holiday home for sale in Glossa, Skopelos

Artemis House Price €130,000

For sale is a well maintained and ready to live in house with stunning views. This is a great holiday home or rental investment at a very good price.

Artemis House is set in a quiet part of  Glossa Skopelos but within a few minutes walk of shops, tavernas and the bus stop.

From the upstairs balconies there are beautiful uninterrupted views over the sea to Skiathos, Evia, the Pilion and the small islands between. Each of the upstairs bedrooms has its own balcony. There is a small, partly shaded veranda downstairs with space for a table and plants in pots.

Downstairs there is a living room / third bedroom, large kitchen and storage.

Upstairs are two double bedrooms and a modern bathroom with washing machine.

Most of the furniture and white goods are included in the sale.

The property is approx 90 sq metres in size. Main services are connected.

It is an easy stroll through the village to get to the house with a few steps to climb at the end. Or, you can drive to within 35 metres of the house and park five minutes walk away.

From the property there is a 3 minute walk to the supermarket, mini market and bakers.  Tavernas and restaurants are a five minute walk. The bus stop is a  7 minute walk.

This house is priced at: €130,000 and is in Glossa Skopelos – Mamma Mia Island, Greece.

For more information on this house please see:

House for sale in Glossa, Skopelos Greece

For a guide on how to buy a property in Skopelos

Legal information for buying property in greece
How to build a house in Skopelos Greece

Or Contact

Angels Greek Island Homes
Glossa houses

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Conti are a Licensed Credit Broker offering mortgages for property in Greece

How much can I borrow and what proof of income is required?

If you require finance to purchase your overseas property, then Conti a Licensed Credit Broker who have over 16 years experience in the market could assist you in buying your Greek Island home.

Mortgages are only available to U.K residents buying homes in Greece.  Loans are currently available only in Euros.

Based on the valuation or purchase price, whichever is the lower, of the Greek residential property, UK applicants can borrow up to 70% for purchase Mortgages and construction loans.
For all schemes there is a minimum loan of €250,000. There is no maximum. For construction loans it is €250,000 min. The maximum term of the loan is 25 years – available up to age 70.

Current interest rates as at 20th July 2009 are from approx. 3.38% Variable for Repayment loans.

For example: A Repayment mortgage of approx € 250,000 over a period of 25 years at an interest rate of approx 338.% Payment would be approximately € 1247.65 per month. The total approximate amount payable over a term of 25 years is € 374,295

Valuation fees £125.
1% of loan amount is the banks arrangement fee.

All schemes require full documentary evidence of income

Please note, that there are no non-status/self-certification mortgage facilities available in Greece (although renting out your property is permitted), all loans need to be supported by a minimum requirement of proof of income, i.e. if employed – copies of your last three month’s pay slips & copies of your latest P60/Employer’s Reference together with copies of your last 3 month’s Personal Bank Statements will be required or alternatively if you are self-employed – copies of your last three years Audited Accounts & copies of both your last 12 month’s Business and last 6 month’s Personal Bank Statements will be required on application.

Unfortunately in Greece the Lenders will NOT take into consideration any proposed Rental Income from the property for mortgage purposes.

Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. To qualify for a mortgage in Greece, a calculation is used to establish whether you can afford to maintain the mortgage repayments.

All your existing liabilities, including any mortgage/rent payments,, UK council tax, loans, credit card payments and any maintenance (EG: Divorce) payments are taken into account, together with your proposed Greek mortgage payments must not exceed 30% of your net monthly income.

For example: If your net joint monthly income is £3,000, 30% of that figure is £ 900. If your only liability is your current UK mortgage payment of say £500 per month, this would leave a balance of £400 for your Greek mortgage repayment.

Other documents will be required and will be confirmed when application forms are sent to you. Please visit website or speak to an adviser. Conti have a ‘quick quote’ calculator that will enable you to find out how much your monthly payments will be, or complete an online enquiry form to receive an Approval in Principle certificate and quotation.

PLEASE NOTE: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
PLEASE NOTE THAT AS THE LOAN IS SECURED ON THE OVERSEAS PROPERTY IT IS NOT COVERED BY THE UK CONSUMER CREDIT ACT OR THE FINANCIAL SERVICES AUTHORITY.
CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.

Contact Conti for overseas mortgage advice or a quote.

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Provided by holidaylettings.co.uk and angelsgreekislandhomes.com

Renting out your holiday home in Greece? don’t forget the basics!

For those of you renting out your holiday homes in Greece, we have compiled a short list of basic essential household equipment you may need to make sure your guests stay in the holiday spirit.  They don’t want to have to take time out from their stay to top up household supplies.

Regularly ‘stock take’ and replenish supplies as necessary. Try and gauge from your guests if there was anything they needed to buy during their holiday and remember it for next time.

You may find that your thoughtfulness could help you on your way to a repeat booking too.

It is always a good idea to put fresh flowers and add local produce in the holiday home. If for example, your holiday home is on Skopelos then some Skopelos honey may be a nice touch. Cold beer and Greek wine may also be greatly appreciated, but remember to ask if your guests drink alcohol as it may cause offence!

Bottled water is a must for all Greek Island holiday homes.

Holiday Home Basics list

Bottled water
Toilet roll
Kitchen roll
Washing up liquid
Dish cloths /sponges
All purpose cloths
Bin liners
Spare light bulbs
Washing powder/liquid
Hand soap
Broom, dustpan and brush
Spare batteries
Torch
Wind up radio
Crockery and cutlery for at least your maximum occupancy.
Allow for breakages and extra visitors.
Enough seating for at least your maximum occupancy.
Cooking utensils
Kettle
Basic non perishable food/drink items such as tea,coffee, sugar, salt and pepper.
Extra blankets and pillows
First aid kit
Clothes pegs
Matches
Candles
Tea lights (a nice touch)
Charcoal (if you have a barbecue)
European mains plug adaptors

Advertise your property in Greece with holidaylettings.co.uk and receive 15 months for the price of 12 in your first year. Click: http://www.holidaylettings.co.uk/whychooseus.htm/from.45922/ or quote promotional code 45922 when registering.

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Edited weekly euro update provided by Deane Roe of Moneycorp

Protect yourself from fluctuating exchange rates

A rally at the beginning of the week was followed by an even sharper return to base on Tuesday. After only a little hesitation the pound embarked on a downward path that saw it test €1.16 twice. A Thursday recovery almost to €1.1750 was short-lived and it opened in London this morning (Tuesday 7th July 2009) down at €1.15.60 a cent and a half down on the week.

This may look like a pretty gloomy time to invest in Greek property as the power of the Great British Pound weakens and we end up with fewer Euros. If you are currently planning to buy your Greek island villa, property contracts in Greece can take a few months to complete. Guidance from dealers in the euro are forecasting a rise to €1.20 by the end of the year and their suggestions are to either forward buy and lock in at the current commercial euro exchange rate before it dips further, or to use Stop Losses and Limit Orders.

With exchange rates constantly moving, you may not have time to watch the currency market 24 hours a day in order to achieve the best rate in your time frame. Moneycorp, foreign exchange specialists, can do this for you free of charge. They use a number of mechanisms to ensure you are protected from negative exchange rate movements, and enable you to take advantage of positive ones.

One of the options open to you is to use Stop Losses and Limit Orders. For example, if the current exchange rate of the GBP v Euro is €1.15 but you need to achieve €1.17 to be able to afford to buy your dream property in Greece, Moneycorp would set a Limit Order at €1.17. This means that if the market hits €1.17, even for a fraction of a second at 3 o’clock in the morning when you are in bed asleep your currency would be automatically bought at this level.  This is a great way to have the market monitored 24 hours a day, 365 days a year for you.

Stop losses are used in a similar fashion.  Imagine the current rate is €1.15, but you cannot afford your property if the rate drops below €1.13.  You would like to hold on and see if the exchange rate improves in your given timeframe. A Stop Loss can be set and will be triggered if the rate suddenly plunges below €1.13.  Even if it falls much lower than €1.13, you can be safe in the knowledge that you’ll still be able to afford your Greek Island home in the sun because your currency was bought for you, automatically.

It is always best to transfer currency to Greece via the commercial rate and not the tourist rate.

For information about setting up a bank account in Greece and Skopelos please see: Legal info

For more information or to find out about the best ways to transfer money to Greece and Greek Islands

Please contact:

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Edited weekly euro update provided by Deane Roe of Moneycorp

A three cent range kept sterling comfortably between €1.16 and €1.19. It opened in London this morning at €1.16, a cent down on the week.

The Sterling has dipped this week. Is it still a good idea to invest in the Greek property market?

In the opinion of Angels Greek Island Homes, property prices are still a lot cheaper as the economy tries to recover from the credit crunch. If the pound fluctuates a cent here or there week to week, it would not make that much of a difference on a €100.000 sale. When buying property in Greece contracts can take months to complete and money can be transferred on a day when the commercial euro rate improves, or by forward buying to lock into the currency rate. There is suggestion that Buyers of the euro should bide their time, using a stop order to protect against a reversal but this is generally for day to day business transfers.

It is the much bigger dips that we U.K buyers worry about. There is hope of the euro breaking the physiological €1.20 barrier then stabilizing. This of course would make us feel a lot more confident when buying our dream Greek Island home.

This is where Forward buying the euro to lock into the currencey rate may be the answer.

Since exchange rates are always on the move, foreign exchange specialist Moneycorp, offer the option to ‘lock’ into the current rate of exchange for up to 2 years. For example; Should there be a move back to the €1.10 level from current €1.16, forward buying would save you in excess of £5000 on a £100,000 transfer.

Alternatively, you could use a stop loss and/or limit orders. This is where you instruct your personal dealer to either automatically buy your required currency, or contact you should the exchange rate reach a certain level.

Support and Resistance levels

When watching the currency markets, a foreign exchange dealer will monitor movement within a range. This range is determined by 2 indicators, support (low) and resistance (high) levels. For example, the current range of the Euro would be 1.16 to 1.20. As a buyer, you would look to purchase your currency at the higher end of this range. Imagine support and resistance levels as a room with a floor and ceiling, and the exchange rate as a rubber ball. The ball will bounce off the floor and hit the ceiling, and bounce back down to the floor, back up to the ceiling and so on. At some point, the ball will break through either the floor (support), or the ceiling (resistance). In the real world, the support or resistance level is weakened by data coming out of the market, such as retail sales figures, consumer confidence data, interest rate announcements etc. If there is enough positive or negative data, the exchange rate will break either the support or resistance level, and begin trading within a new range. Your foreign exchange dealer will use their currency market knowledge to provide you with guidance, helping to protect you from negative movements and enabling you take advantage of the positive ones.

It is always best to transfer currency to Greece via the commercial rate and not the tourist rate.

For information about setting up a bank account in Greece and Skopelos please see: Legal info

For more information or to find out about the best ways to transfer money to Greece and Greek Islands

Please contact:

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