Property - Greece: The Cost Of Living In Greece



Posted: Saturday, April 29, 2006

by
Claire's Messinian Properties


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 Spain’s and Portugal’s. 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

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 more information visit our website, http://r-and-c-pms.biz/





Claire May is an informed author of articles regarding Greece and Messinian properties.  Her articles endeavour to make buying and selling property in Greece straightforward. It also helps buyers with their research and aids them through the unfamiliar Greek property purchasing procedures.  Claire has also designed a website to provide readers with information about http://www.claires-messinian-properties.combuying property in Greece.

 

This Article has been viewed 1,582 times. (Not updated in real-time.)
Top-level comments on this article: (1 total)
» left by TM from Melbourne 4 years 83 days ago.
very useful inventory but how has that changed in the last 18 months (to Nov. 2007)?
» left by 4 years 80 days ago.
Thank you for your comment. I have just republished this article on SearchWarp. New title "What Is The Cost Of Living In Greece?" I will leave the original article published so that you may compare the two article. I hope you find this helpful.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.