Carol Dunning of the GreeceBuyingGuide.com helps readers with their questions about buying and living in Greece.
Article written by The Overseas Guides Company
If you have a question that you would like her to answer email her at greece@overseasguidescompany.com.
We have a property on Rhodes which we let out during the holiday season. Originally we were told that the EOT licence did not currently apply on Rhodes but it would seem that now the authorities are insisting on a licence for villas and privately owned apartments. Do you know anything about these licences?
Thanks so much for your email – it’s always great to hear from GreeceBuyingGuide.com readers.
As far as I know, it has been compulsory countrywide for prospective short term rental property owners to be in possession of an EOT licence. In our free downloadable guide we reference the licence repeatedly – it is a means for the Greek government to raise funds and I can’t see them missing out on that opportunity on Rhodes alone!
All businesses in Greece need to be licensed in order to operate legally. Renting out property on a short term basis is classed as a business and a licence (EOT) is required. You have to declare income from rentals and it is generally charged at 15 per cent.
You can read more about the in’s and out’s of property ownership by downloading our free Greece Buying Guide.
I visited Rhodes for the first time last year and absolutely loved it. I am returning to the island sometime next year – my very best friend and I are going on a sentimental journey to Greece together – we were last there together in the late 60s so it’s about time!
To browse properties for sale in Greece, visit the listings on Rightmove Overseas. One way to save money when buying property in Greece or living there is to use currency specialist Smart Currency Exchange when transferring your pounds into euros. For more information on this, visit the Currency Zone.
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The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc