To find property for rent by owner in Santorini Greece (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Santorini, located in the southern Aegean Sea, is probably the if not one of the most famous islands in Greece. Situated about 200 km (120 miles) southeast of mainland Greece, Santorini has always been among the world’s top travel destinations.
One things that stands out is that due to limited land availability on the island, buying luxury properties in Santorini, or investing in luxury real estate is highly sought after by private buyers and investors.
Websites that are set-up for FRBO, allow filtering for owner-listed rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property or house that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
If considering buying an investment property that is currently a rental, there is the option to contact the manager or proprietor of a Santorini Greece property for rent by owner, and then use a title company or closing attorney to handle the purchase process.
If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.
Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.
Real Estate Agents and Property Developers in Santorini, Greece
