Personal Experience: Simultaneous Purchase and Sale of a Villa in Greece with Payment in Rubles on the Territory of the Russian Federation.
Our ex-client Boris asked the possibility to sell his house in Greece with being paid in Russia (in euros or rubles). Due to political situation its impossible now to transfer money from Greek bank account to Russia. We contacted our notary, and he confirmed that if a transaction is made between two non-residents of Greece, there is the possibility for them to sign purchasing contact in Greece but to pay for the purchasing property in any other state.
What gets the client:
We have informed our other client Oleg, who has been investing in Greece for a long time, about Boris' villa with an area of 210 m2, with 5 bedrooms, a large plot of 11 acres, a heated swimming pool and all the furniture in the prestigious resort location of Hanioti for sale.
The villa is located in one of the most attractive areas of Halkidiki, in an ideal location for holiday rentals, within walking distance of the sea and all infrastructure. Plus there are extremely beautiful panoramic views of the coast from both villa and the plot.
The cost of the property was 420 thousand euros, but in the end, due to a problem with the plot, the owner reduced the price and sold it for 380 thousand euros.
After the minor renovation in the house, reconstruction of the plot and fence and maintenance of the pool, the house was put under management for daily rent with an expected net income for the new owner of 7-8% per annum.
The seller was very pleased with the transaction as he received the entire amount in rubles in the Russian Federation. The buyer is very pleased with the price and liquidity of the property in Hanioti and has been impressed about the high demand for rental of his new villa.
The purchase was completed in the shortest possible time, and payment for the villa took place remotely outside the jurisdiction of Greece.
Full support of both clients by our specialists: we helped to arrange all the documents for the contract as quickly as possible and closed the transaction and payment for it, taking into account the wishes of both clients.
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