zakynthos property for sale

Investing in Zakynthos: A guide to property for sale

Zakynthos, a stunning jewel in the Ionian Sea, has caught the eye of many investors. It’s known for its beautiful landscapes and lively nightlife. The island, also called Zante, is now a top choice for both home buyers and investors.

Over a thousand foreigners have become Greek residents in recent years. This has made the real estate market in Zakynthos very appealing. It’s a great time to look into the growing property sector here.

This guide offers insights into zakynthos property for sale. It covers the types of properties, why the island is so attractive, and how to buy. It also talks about legal things to consider when investing. With the real estate market in Zakynthos booming, now is the best time to explore its opportunities.

Key Takeaways

  • Zakynthos real estate offers a range of investment opportunities due to its increased popularity among foreign buyers.
  • Properties in Zakynthos have seen a consistent rise in prices, indicating a lucrative market for future investments.
  • Understanding the buying process and legal requirements is crucial for non-EU residents looking to invest.
  • Working with local real estate agents can provide valuable insights and streamline your property search.
  • The island’s well-connected transportation links enhance its appeal for property investment.
  • Exploring various property types ensures investors can find a scenario that meets their specific preferences and budgets.

Overview of the Zakynthos Real Estate Market

The Zakynthos real estate market is booming, with a good balance between buyers and sellers. It’s especially popular with international buyers who want luxury homes. The average villa price is around $1,482,500, offering a wide range of choices for all budgets.

Villas here vary in size from 140m² to 200m², with unique features that make them stand out. They have 3 to 5 bedrooms, perfect for families or groups. Plus, they come with large plots, starting at 1,500m², for plenty of outdoor fun.

These properties come with top-notch amenities like infinity pools, big gardens, terraces, gyms, private cinemas, SPAs, and indoor pools. These extras not only make living better but also boost the property’s value.

With a strong tourism industry, buying a home in Zakynthos for rental income is a smart move. The high season brings in lots of money, making it a great investment. Modern designs and stunning sea views make Zakynthos a top pick for savvy investors.

Property Type Average Price Average Size Average Land Size Bedrooms Bathrooms
Villa in Zakynthos $1,482,500 370m² 4,036m² 5 4
Villa in Syros $1,372,700 200m² 1,500m² 5 5
Villa in Porto Cheli $1,372,700 170m² 1ha 3 3

Why Invest in Zakynthos?

Investing in Zakynthos offers a mix of stunning views, growing tourism, and a stable property market. The island is catching the eye of foreign investors looking to buy property zakynthos. With just €250,000, you can get a Golden Visa, giving you residency in Greece. This is great for those wanting a luxurious lifestyle and a secure financial future.

The island’s luxury homes are in high demand, thanks to more tourists looking for top-notch places to stay. Zakynthos has everything from fancy villas to modern apartments, perfect for the vacation rental market. With lots of visitors, rental income is promising, making it a good choice for investors.

Zakynthos has a strong economy thanks to tourism, farming, and livestock. This stable economy helps the real estate market grow. There’s a steady rise in both home and business property prices. Plus, recent data shows house prices in Greece are going up, especially in cities.

Zakynthos is also famous for its history and natural wonders, like the Kareta-Kareta sea turtles. These are found only in Europe here. This makes Zakynthos a top pick for real estate investors. Its beauty and investment potential make it a standout choice.

Types of Properties Available in Zakynthos

Zakynthos offers a wide range of properties for different buyers. For those wanting luxury, villas for sale are a top choice. These villas boast stunning designs, large outdoor areas, and views of the beautiful landscape. They are perfect for holiday homes or investments in this lovely place.

Traditional houses are also popular, especially with families and retirees. These homes reflect the island’s rich culture and charm. They offer a warm atmosphere for living full-time or on vacation. Many come with all the necessary comforts.

For those with bigger dreams, there’s the chance to buy land for sale. This lets buyers design and build their dream homes, exactly as they like. Whether you want a quiet countryside home or a lively seaside property, Zakynthos land offers endless possibilities.

zakynthos villas for sale

Villas for Sale

Property Type Features Target Buyers
Luxury designs, breathtaking views, outdoor spaces Investors, holiday home seekers
Traditional Houses Charming architecture, cultural heritage, family-friendly Families, retirees
Land for Sale Customisable, varied locations, potential for new builds Home builders, investors

Buying Process for Zakynthos Property for Sale

Buying property in Zakynthos requires several key steps. Working with experienced zakynthos real estate agents helps you find the right property. They guide you through the local market.

First, you need a Greek tax registry number (AFM) for 100 Euros. If needed, getting a valid visa is also important, especially for non-EU buyers. After finding a property, a preliminary contract is signed to agree on the purchase.

It’s vital to do thorough checks before making a final decision. This includes legal and title searches, which can take 3 to 6 months. Negotiating the price and terms with the seller is crucial during this time.

The usual deposit is 10% of the agreed price. But, for properties under 60,000 Euros, extra fees might increase this amount. For bigger investments, the costs can stay under 10%. Using a foreign exchange company instead of a local bank can save around 4% on transfer fees.

After agreeing, the final deed is signed in front of a notary. Then, the property is registered to secure ownership. The whole process usually takes 12 to 14 weeks under normal conditions.

Once you own the property, remember that property taxes in Greece are about 4 Euros per square metre annually. Zakynthos’s strict building rules mean you can enjoy sea views for years without interruption.

Process Step Details
1. Engage with a Real Estate Agent Find local zakynthos real estate agents to assist with the purchase.
2. Obtain AFM Cost: 100 Euros.
3. Preliminary Contract Formalises the agreement to purchase the property.
4. Due Diligence & Inspections Takes around 3 to 6 months to complete.
5. Negotiations Involves negotiating price and terms with the seller.
6. Final Deed Signed in front of a notary; includes registering the property.
7. Total Process Duration Typically 12 to 14 weeks.

Understanding Zakynthos Property Prices

Knowing about zakynthos property prices is key for those looking to buy. The market keeps going up because more people want to buy, especially in favourite spots. Prices change a lot depending on where the property is and what it is.

Zakynthos has lively towns and peaceful villages. This mix means prices vary a lot. You can find everything from old houses with lovely gardens to fancy villas with pools. Apartments are great for those who want to be close to beaches and fun places.

  • Average property price in the Zakynthos region: $2,075,240
  • Price range for properties: $1,208,000 to $3,184,700
  • Average size of properties: 200m² to 445m²
  • Median land size: 3,900m²
  • Median number of bedrooms: 5
  • Median number of bathrooms: 5

Karetta Realty is a big player in this market. They have a wide range of properties for different tastes and budgets. They even have eco-friendly and energy-saving homes for those who care about the planet.

Zakynthos is still a good deal compared to other parts of Greece for buying property. The value of properties is likely to go up as more tourists visit. With so many options, it’s a good idea to look around and get advice from experts.

zakynthos property prices

Property Type Price Range Average Size
Houses $1,208,000 – $2,000,000 200m² – 300m²
Villas $1,424,526 – $2,430,073 300m² – 445m²
Apartments $1,000,000 – $1,500,000 100m² – 200m²
Commercial Properties $1,466,423 – $2,388,175 Varies
(depends on purpose)

Investment Opportunities in Zakynthos

Zakynthos is a hotspot for investment, thanks to its booming tourism. The island’s popularity means more people are looking for places to stay. This demand opens up chances for investors, from holiday homes to luxury villas.

A prime example is a property in Zakynthos town, priced at €1,300,000. It’s a well-built building with several rental units. This ensures a steady income for the buyer.

  • Ground floor with two apartments (70 sq.m each)
  • First floor with two studios (40 sq.m each) and one two-room apartment (50 sq.m)
  • Second floor with two studios (40 sq.m each) and one two-room apartment (50 sq.m)
  • Third floor with one 2-bedroom apartment (70 sq.m) and one bedroom apartment (55 sq.m)

The property boasts modern features like aluminium frames, air conditioning, and security doors. It also has new appliances and an elevator. Currently, all apartments are rented, offering a reliable income for the owner.

Located 3.6 km from Zante International Airport, it’s easy to get to. Direct flights from Athens International Airport take just an hour. Zakynthos is famous for its beauty and diverse landscapes, including mountains, plains, and beaches.

Partnering with real estate experts like Kentriki can help investors make smart choices. The local economy, driven by agriculture and services, supports a stable and growing real estate market. This makes Zakynthos an attractive place for more investment opportunities.

Working with Zakynthos Real Estate Agents

Working with reliable zakynthos real estate agents can make buying property better. They know the local market well. This helps them guide you through the buying process.

They share their knowledge of different areas. This helps you choose the right place for you, based on what you like and can afford.

When you work with zakynthos real estate agents, you get many benefits. For example:

  • Expertise in local market trends: Agents know about changes in property prices. They can show you the best deals.
  • Property size variety: They help find homes that fit your space needs. Homes range from 120m² to 370m².
  • Land options: Whether you want a small plot or a big one, agents can find what you need. Sizes range from 300m² to 4,036m².
  • Bedroom and bathroom configurations: Homes usually have 3 to 5 bedrooms and 2 to 4 bathrooms. This lets you choose what suits you best.

During negotiations, agents really show their worth. They make sure everything is legal. This makes the buying process easier and more secure.

Knowing that experts are on your side can give you peace of mind. They look out for your interests from start to finish.

Legal Considerations for Buying Property in Zakynthos

When you’re thinking about buying property in Zakynthos, knowing the legal steps is key. Foreign buyers, especially those from outside the EU, need to get approval from the Council of the Local Prefecture. This is a must to follow the law and keep your investment safe.

Having the right documents is the first step. You’ll need a valid passport and a tax number. These are basic but crucial for the process.

Also, think about the money side of things. You’ll need to pay around 7.5% extra on the purchase price. This includes a 3.09% transfer tax and legal fees, which are about 1.5% of the property’s price. Plus, you’ll have to do an annual Tax Declaration Form and pay a public tax with your electricity bill.

Knowing the costs is also important. For example, fixing up an old stone house might cost about 700 Euros per square meter. New buildings are more, at around 1,300 Euros per square meter, without the cost of the land. Understanding these costs can help protect your interests and make buying property in Zakynthos better.

Anna
Anna

Hi! 😊 I'm Anna, the author of ZakynthosOnline.com. I'm a young travel enthusiast who fell so deeply in love with Zakynthos that I decided to make it my home. One summer, I visited this magical island and immediately felt it was my place on Earth. Strolling along the golden beaches and discovering hidden gems, I knew I didn't want to leave. Now, I share my adventures, local tips, and stories about life on the island with you through my blog. Join me, and let's uncover the secrets of Zakynthos together! 🌅