Legal and Finance Legal
Drinking and Driving on the Greek Islands
It is never wise to drink and drive no matter where in the world you live. Driving under the influence of alcohol has been the cause of many deaths and injuries and in Greece it accounts for over 10% of all fatal road traffic accidents. In fact Greece has the highest road traffic fatality rate in Europe regardless of drink-driving. Driving on a Greek Island is hair-raising enough when you are sober let alone when you’ve had a glass of ouzo. Greek drivers are reckless and inconsiderate and some of the island roads wind and twist through some difficult stretches.
Inheritance Law and Tax in Greece
Zeus and the other Greek gods claimed immortality, but in reality they were no more immortal than you or I and one issue that needs to be considered by every foreign property buyer is what will happen on their death to their Greek Island property. Whilst Greek inheritance laws are straight forward where foreigners are concerned, they may be different laws to your own country, but one thing that will remain the same is that even in death there are taxes to be paid.
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Problems with Contracts
We have all heard about foreign property scams from the numerous TV programmes promoting buying abroad and these can sometimes be very off putting when you have saved so hard to buy a property in the first place. However, such scams and problems can easily be avoided if you follow the right procedures when buying your Greek Island home. Regardless of this, there are some genuine property bargains on some of the islands and providing you understand the fundamental principles involved in buying a home there, you will be able to avoid many common pitfalls.