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Hi
We have just been to Corfu to sign the contract for a piece of land and a derilict house that we have bought near Arillas.
The asking price was 35300.00 euros the total charges on this were 4552.92 euros about 12.8%.The house was tax valued at 25200.00 so the tax was less than we thought.
We had allowed for 15% as 3 different agents told us that this was the top percentage that would be charged.
The tax value depends on where the property is (town planning or not) and also the age of the house/ruin.If the house/ruin is aged before 1955 the taxes are a lot lower and we also found out that a renovation licence is much cheaper than a new build licence a renovation licence is about 800.00 euros and a new build licence is about 5-6 thousand euros.Also with a new build you have to allow for the insurance for the builders on site this is down to you.
Clive
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