Buying land for prefabricated home

@Lena_T Good evening and happy holidays to you.

Regarding your question: it all depends on what you want to buy...

Buy land and build:

• the cost of the plot varies by location, square meters and the private sector.

• building construction cost....it's a completely different task, here you need to focus on the "turnkey cost per square meter"!!

How long will this take you:

purchase of a plot and preparation of all legal documentation, project development and technical documentation, issuance of building permits, etc. I can safely say at least 10-12 months for everything about everything.

Eugene

Hi Eugene,

Thank you for your reply.

The property would be snall, 1 or 2 bedrooms ground floor only.

Location wise it would be around Stalis.

How much would this cost and do you have to be a registered citizen?

Thanks again.

@Lena_T hello again,

1or 2 bedroom ground floor in my experience it will be 65 or 80 square meters!

For the construction of such a turnkey property (composite construction and conventional construction), the approximate cost will be from €1850 to €1950 per square meter.

Plus the cost for plot!

As far as I know, you don't have to be a registered citizen to buy real estate. But....laws change all the time, I advise you to contact a law firm that deals with such issues (preferably Greek).

Eugene

Yeah this was our idea too, at first.

Found a lovely plot with sea view. - 42.000€.

Waited a year, paid €5000 for the lawyer to get all the stuff together.

Like - got all family members to sign,

looked into if one can build there at all - you can only build ~ 600m from an existing village, there's a law for that,

then you need to check water and electricity (some 100€/m),

think about waste...

So after 14 months, everything was ready to sign and we started to look at prefab homes.

One needs a building permit with all specs, and for that, you'll need an architect because of the earthquake security and stuff -> think 10-15.000 and AT LEAST another 6 months.

You will not be able to legally work with some cheap chinese stuff (we checked), even if it's good, you'll need to take a greek/EU model which are perfect, but 5* that expensive.

So at the end, we just bought an existing house and renovated. Nobody will care what exactly you did to the building. 

There is also built in waste management in our village, so yeah, IDK what your needs are, just a reality check