New House Purchase

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Ladyt25
Posts: 9
Joined: Fri Aug 31, 2018 10:43 pm

New House Purchase

Postby Ladyt25 » Mon Sep 03, 2018 1:33 pm

Hi!

New to this forum but thought it looked to be a good place to come for advice/tips.

Having been coming to Crete since 1995 I am currently going through the process of buying a property (with my family). Hoping this will be finalised and we can collect the keys this month.

There will be bits of work/sprucing up to do and I wondered if anyone had tips on the best places to buy nice but reasonably priced indoor and outdoor furniture from?

The intention is to rent the property through the summer months and also use for ourselves.

The house is in Hersonissos so I'm looking at shops in the heraklion area.

Thanks in advance

filippos
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Joined: Mon Feb 05, 2007 7:38 pm
Location: Kalyves
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Re: New House Purchase

Postby filippos » Mon Sep 03, 2018 2:47 pm

Sorry but I can't help with shops in Iraklio area but a couple of questions.
Ladyt25 wrote:The intention is to rent the property through the summer months and also use for ourselves.

Are you aware of the different types of letting that are allowed?
Have you been through the registration process for whatever type you chose?
Holiday letting here is, to put it mildly, not straightforward.

Kilkis
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Joined: Sat Apr 21, 2007 3:58 pm
Location: Near Chania

Re: New House Purchase

Postby Kilkis » Mon Sep 03, 2018 3:48 pm

There is an IKEA pick up and order point in Heraklio if their style of furniture floats your boat. Not a store. They order from Athens. Candia Strom are quite good for beds.

Warwick

mouche
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Joined: Sat Jan 15, 2011 5:43 pm

Re: New House Purchase

Postby mouche » Mon Sep 03, 2018 5:07 pm

Ladyt25 wrote:The intention is to rent the property through the summer months and also use for ourselves.


https://news.gtp.gr/2018/08/31/greeces- ... 7-64940301

chrissyg
Posts: 99
Joined: Thu Jan 05, 2017 4:46 pm

Re: New House Purchase

Postby chrissyg » Mon Sep 03, 2018 7:19 pm

We are doing the same and they bring in new rules all the time. It has been a nightmare with the EOT rules but we have finally got it sorted and we are doing the 13 week, non- business let and just started rentals with holiday lettings. No doubt you will have questions when it comes to all that, but as this question was about furniture, i would just like to say we brought some over from uk, got quite a few bits of household from Ikea but my fave shop was Oikos in Chania ( dont know if they have a branch on your side) expensive but lovely stuff, and Biotza in Rethymno for outdoor stuff.

Ladyt25
Posts: 9
Joined: Fri Aug 31, 2018 10:43 pm

Re: New House Purchase

Postby Ladyt25 » Mon Sep 03, 2018 9:17 pm

Hi, thanks - there is furniture being left in.tje property but it needs some things to bring it a bit more up to date and usable!

Do you use a management company for the lettings?

I've contacted one but, until I get the keys and sort stuff it's a bit hard getting it all together. Could almost do with someone to rent it for a few months during the winter!

I don't know much about the rental rules as the more u read the more confused I get but am hoping some contacts I have will be able to help and (hopefully) tips from here!

Ladyt25
Posts: 9
Joined: Fri Aug 31, 2018 10:43 pm

Re: New House Purchase

Postby Ladyt25 » Mon Sep 03, 2018 9:23 pm

filippos wrote:Sorry but I can't help with shops in Iraklio area but a couple of questions.
Ladyt25 wrote:The intention is to rent the property through the summer months and also use for ourselves.

Are you aware of the different types of letting that are allowed?
Have you been through the registration process for whatever type you chose?
Holiday letting here is, to put it mildly, not straightforward.


Hi, I don't have all the details as such no but have some friends and contacts in the area as we have some family friends in heraklion and I have others from when I worked there in 1998. I understand there are things to be aware of but I don't know all the ins and outs no.

filippos
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Location: Kalyves
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Re: New House Purchase

Postby filippos » Mon Sep 03, 2018 9:44 pm

I'd suggest you contact the EOT office in Heraklion for info about the available schemes and a good accountant.

We have friends who had a very successful holiday villa once they had spent about 2-3 years satisfying the EOT requirements that seemed to change on a monthly basis. 100% occupancy from the first to last summer flights (i.e.early April-early November) for several years. After the most recent changes and alternative schemes they changed to the "13 weeks scheme" and have found that the returns are barely worth the effort and expense; they're considering withdrawing from the lettings market after this season despite full occupancy during the allowable 13 weeks rental period. Penalties for getting it wrong are usually harsh.

Kathleen
Posts: 412
Joined: Sat May 12, 2007 8:46 pm
Location: North East UK/Rethymnon

Re: New House Purchase

Postby Kathleen » Tue Sep 04, 2018 9:47 am

For furniture and garden items (though now at the end of season so selling off) take a look at http://www.praktiker.gr . They now have a fairly large range, slightly better quality than it used to be and often reasonable priced. Also good for electricals, builders materials and other DIY essentials.

To reach the store drive past the airport entrance for arrivals/departures pass BP filling station and army barracks, at road junction with filling station on the corner, turn left and follow the signs.

Incidentally, Warwick mentioned Ikea, they are on the main road on the right a couple of hundred metres straight ahead from where you would turn off for Praktiker.

Jumbo keep a fairly reasonable range of soft furnishings. You will find, however, bedding and towels can be much more expensive than UK so may be better off getting them sent out with Nomad, depending on the quantities you require.

Kathleen

Forsto
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Joined: Wed Feb 24, 2016 12:36 pm

Re: New House Purchase

Postby Forsto » Tue Sep 04, 2018 9:51 am

I use John Lewis international delivery service for my bedding as you can have as much as you want delivered very quickly for a set delivery charge of 10 GBP. Well worth it, in my experience. I also order clothes for delivery to Greece without any problem.

Kilkis
Posts: 9576
Joined: Sat Apr 21, 2007 3:58 pm
Location: Near Chania

Re: New House Purchase

Postby Kilkis » Tue Sep 04, 2018 10:11 am

Kathleen wrote:... bedding and towels can be much more expensive than UK so may be better off getting them sent out with Nomad, depending on the quantities you require.

Kathleen


Dunelm Mill is very competitive for bedding and towels and the quality is good. I've also used them for made to measure curtains but that is more difficult as someone has to collect them from the store where they were ordered.

Warwick

Eleni13
Posts: 479
Joined: Tue Apr 10, 2007 11:13 am
Location: UK

Re: New House Purchase

Postby Eleni13 » Tue Sep 04, 2018 10:23 am

I second Philippos’ remarks about 13 week letting.
It would not be very profitable to use an agency as their fees are around 25%. The advent of AirB&B has caused a massive amount of competition in this market, so to cover costs of cleaning, laundry and maintenance, utilities etc the only people who will make a good profit are those who can use family members or friends.
I am just in the process of extracting myself from the business requirement for a full EOT. It is long-winded and expensive.
Keeep the house for yourself and family, is my advice.

chrissyg
Posts: 99
Joined: Thu Jan 05, 2017 4:46 pm

Re: New House Purchase

Postby chrissyg » Tue Sep 04, 2018 12:02 pm

I agree the letting is complicated. You have to have EOT and we had terrible trouble getting it as we dont speak greek. Maybe the Heraklion office is better, the web-site us not helpful. In the end we made a contact thru our accountant who got it done for us. The accountant is key! He explained all the letting options and you cant just " let it out for the winter', not legally anyway unless you have set up a business which even our accountant said dont attempt as it is terribly complicated. The 13 wk option suits us atm because we can rent ( we advertise on holiday lettings) during the very hot months and we come out either end. If we end up retiring here we wont bother. I know we wont make any money but it might be enough to just pay for our trips out here. We do have a management company nearby ( thats important)who keep it clean for the rentals and keep an eye on it over the winter. We have only just started renting this year and it hasnt been easy ( esp as we had our villa built) but we are hopefully getting there. Good luck.
.

Ladyt25
Posts: 9
Joined: Fri Aug 31, 2018 10:43 pm

Re: New House Purchase

Postby Ladyt25 » Tue Sep 04, 2018 9:35 pm

Thanks for all the advice. Ideally it does need to pay for itself as much as possible as sadly I am not a cash buyer so have borrowed to afford it.

I can't really let under Airbnb as don't quite understand how that works with cleaning, exchange of keys etc. But these are things I need to look into and weigh.up. I have some local friends who I know will help me even if it's just checking on it out of season. It will need someone to look after the garden though.

The problems with Airbnb are places are cracking down on them so I'd prefer to avoid in case that turns out to be the same in Greece.

chrissyg
Posts: 99
Joined: Thu Jan 05, 2017 4:46 pm

Re: New House Purchase

Postby chrissyg » Tue Sep 04, 2018 9:56 pm

Yeah im not sure how airbnb works and i thought you sort of had to be around for that and that it was more for odd days and weeks. Even using holiday lettings has been a rather steep learning curve for us. There are so many options but they do take a big cut. Still, you will get there in the end, just dont let the greek bureaucracy get you down! If you have friends here already then you should be fine.


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