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LAND FOR SALE


SEARCH - LAND FOR SALE

Availability:

There is a fair amount of land available on the island of Paxos. Prices for a small plot of land without a sea view start at 40,000 euros. With a sea view a small plot will cost from 70,000 euros and on the sea we have a plot of 12,000 sq m for 700,000 euros.

Advantages and Disadvantages of Buying Land:

Buying a plot of land and building a new house is just one of the ways of acquiring a property on Paxos. The advantage of choosing this option is that it enables you to have a property tailor-made to your own design and equipped with all modern facilities. The disadvantage is that it can take up to two years from the time you complete the purchase of the land to being able to move into your house. However, provided you are prepared to wait this long, this is the option we often recommend, especially to clients who are looking for maximum equity or interested in renting out their property, when quality and location are so important.

Location:

The first thing you will need to do is to decide how important a sea view is for you. If you are looking for an investment property to rent out to a tour operator, a sea view will certainly help you to obtain a good price and a fair amount of interest. However, sea views are considerably more expensive.

Other important factors are how close you want to be to a beach or to the sea and whether you want to be in or near one of the main villages of Gaios, Lakka, Loggos, Magazia or Fontana.

You should also consider whether you want to be on a track away from the road, or whether you are happy to be near to a road. The roads on Paxos are never as busy as in the UK!!!

Land Classification and Size of Plot:

You will then need to consider what size plot you want. We work in square metres and 1,000 sq metres is a stremma. Size of plot is an important issue when considering the building potential of the land. In certain areas of the island - outside a village you need a minimum of 4,000 sq metres of land in order to obtain permission to build anything unless you buy a plot which already has building permission.

The size of villa you want to build will be an important consideration in determining the size of plot you will need and again we work in square metres. For example on a plot of 4,000 sq metres you can be fairly certain of gaining permission to build a house with a total floor area of 200 sq metres, as long as it is built sympathetically in the Paxiot style and the land isn't classed as ‘forestry land’. 200 sq metres is a large villa!

’Forestry land’ is land for which you will not get building permission. All land needs to be clear of forestry and you need confirmation of this along with confirmation of the size and the boundaries of the plot.

Help with Getting Started:

We can introduce you to an engineer to carry out a topographical survey to confirm the size, classification and boundaries of the plot. We can also introduce you to lawyers, architects and the notary who will assist you with all aspects of the purchase.

Once you have bought the land and are ready to start building, we can introduce you to project managers who will assist in the building process and put you in touch with builders and developers on Paxos and Corfu.

Additional Costs:

Just to give you a very rough idea of costs at this stage, you will need to allow about 20% of your purchase price for taxes, lawyers, agents fees etc. To build a house you will need to allow between 1,500 euros and 2,000 euros a square metre depending upon the difficulty of the build. If you want particular top of the range additions to your house or villa, these may increase this guide price considerably. So, for example, if you want a two or three bedroom villa of 100 sq metres, this will cost between 150,000 and 200,000 euros to build.

Timescales:

You need to bear in mind that all processes here in Greece take much longer than you may imagine. It may well take three months to complete the purchase, the planning permission, if you are lucky, may be through in a further three months but can take much longer and building can take many months!! So it is best not to be in a hurry and you may then be pleasantly surprised with the rate of progress. It goes without saying that we will do our best for you at all stages, even after you have completed the purchase of the land and while your villa is being built. You can easily contact us by email or phone and we speak English!

Guide Price: 

We have decided to provide a ‘Guide Price’ for the land and properties on this website rather than a fixed price. It is always possible that you may be able to persuade an owner to accept less than the ‘Guide Price’, but on the other hand you may have to pay more. We try to keep the ‘Guide Price’ for each property up to date and most of them are accurate. However, please be aware that in the present climate even when an owner has agreed a price for his property he may subsequently decide to increase it. You might therefore like to consider entering into a pre-contract with the owner but should discuss this with your lawyer.

SEARCH - LAND FOR SALE


 


SEARCH -
LAND FOR SALE

RENTAL
PROPERTIES:

Paxos Villa
Holidays

Loggos
Near Loggos Village
Levrekio or Marmari Beaches
Secluded Villas
Villas with Pools
Luxury Villas

Paxos for Couples
Paxos for Singles

Activity Holidays
on Paxos

 


The Greek Property Agency Ltd. - Unit 4, 36 Queens Road, Newbury, Berkshire, RG14 7NE
& on Paxos - Paxos Property Agency, Fontana, Paxos
tel: UK - +44 151 324 3458 or in Greece - +30 26620 31207
email: info@paxospropertyagency.co.uk