By Claire May
R & C Property Management Services
The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus and Cyprus is 30% lower than Spains and Portugals. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition Greece has a very low crime rate, low pollution, and plenty of sunshine. All things considered purchaser of holiday homes in Greece have an extremely attractive package.
Annual Income
A couple living permently in Greece can expect to require an annual income of around £10,000 (14,000 Euro). Example
House running costs + food
£4816
Two people eating out twice per week
£1664
Garden maintenance
£984
Car insurance
£310
Petrol 5,000 miles per year at £2.25p per Gal
... £360
Return trip to the UK to visit family and friends
£600
Contingency fund
£1266
Total per year
£10,000
Food Prices
Prices have risen quite steeply since the introduction of the Euro in 2002. Locally grown produce is cheap when in season. Imported and processed foods are often highly priced.
Furniture/Appliances
To give you an idea of the price of furniture and kitchen appliances, here are some examples for a typical starter package
Electric cooker £350 (500)
Fridge freezer £350 (500)
1 x double bed £275 (400)
2 x single beds £350 (500)
Dinning table & 4 x chairs £350 (500)
Three piece suit (1 x sofa 2 armchairs) £730 (1200)
Patio furniture (plastic table & 4 chairs £90 (150)
TOTAL COST £2586 (3750)
Consumers Rights
If you should be unlucky enough to buy a faulty product in Greece you have the same rights of complaint against a Greek retailer as in any other EU country. For further information or advise contact INKA, free tel: 11727 or 210 363 2443.
Car Running Costs
To purchase a small saloon car in Greece (Fiat Panda or similar) would cost around £4,600 (6,700Euro)
Fully comprehensive insurance and road tax is likely to be about £310. (450 Euro)
Petrol is about 65p per litre (0.91Euro)
Car Rental will be £20-£30 per day, depending on size and duration of hire. For 15 days plus, the smallest might cost £18, and a 4WD between £25 and £40
Author: Claire May, R & C Property Management Services
About Our Company
R & C Property Management Services offer full Property Management, building maintenance and renovation services. We also provide care for you holiday home when you are not there or when you have guests staying. We offer cleaning package to guarantee that your holiday home receives the best possible care and attention. You can be assured that your house is secure and in safe hands. Your guests will leave with only the utmost praise for both your home and our services. For details of our services & prices follow the link. http://r-and-c-pms.biz/prices.html
For those of you looking for the prefect holiday home we can help you find your dream property in Greece. We have developed association with reputable companies covering the Kalamata area and can introduce you to professional and reliable people who will help your house purchase to go smoothly. For information about property in Kalamata follow the link. http://r-and-c-pms.biz/property.html
If you are looking for holiday accommodation or a property to rent while you are looking at houses in the Messini and kalamata areas we can help. We have a section of rentals available, contact us for further details. For information about rental property on the Messinia peninsular follow the link. http://r-and-c-pms.biz/
For more information visit our website, http://r-and-c-pms.biz/
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