Aegean Homes formed in 2001 by David Knight who has brought more than 30 years of construction expertise with him to the beautiful Island of Rhodes . Aegean Homes is a professional development company regarded as one of the most reliable, reputable and comprehensive suppliers of exclusive properties on Rhodes Island . Aegean Homes provides expertise to their international clientel ensuring that buying a property abroad is an enjoyable, hassle free experience. The quality, designs, finish, pools and locations of our villas has resulted in Aegean Homes growing to be one of the largest developers on Rhodes Island .
The concept of Aegean Homes is to build and sell luxury villas with swimming pools. We offer our clients a complete package including a choice of plots and villas designs, furnishings, mortgage availability, professional property management and maintenance and finally a reliable income stream derived from rentals. Off plan properties or why not even custom design your own villa especially for you.
Aegean Homes offer a Guaranteed Rental Program this can be used to secure a mortgage as well as provide a regular income, thus the villas are far more affordable than would be expected. Aegean Homes also provides the management services needed to run and maintain the villas and all the rental activities: consequently Aegean Homes not only assists in helping you build your property but also works towards forming a mutually beneficial long-term relationship with you.
We have spent the past 6 years establishing good working relationships with the Greek Authorities, Land Registry and major organisations such as the Alpha Bank and as a consequence we are able to offer good rates on Greek mortgages. We use well practiced Lawyers and Notary's who have been working with us since the beginning and they have a very good understanding of what our Clients have come to need and expect, the legal system is so similar to that of the UK that buyers will find the whole process simple and straightforward and with our ever expanding land and villa portfolio there is sure to be something for everyone.
Aegean Homes has an enviable reputation on Rhodes for building the best homes on the Island . We have a highly experienced international workforce, who are specialists in their individual trades. Attention to detail is so important to Aegean Homes and our workforce will do everything possible to ensure your dream home is perfect!
Location. Location. Location.
Aegean Homes has 11 locations across the Island, 14 individual villa designs or if your wish is for something a little smaller we have a range of apartments to choose from, if there is a specific location that we don't have, we can assist in sourcing, purchasing and clearing of any legal encumbrances that there may be and with the help of our Architects and Engineers you can have a custom designed villa whether it is for a 2 nd home, retirement or just a safe and sound investment.
Financing your purchase.
Financing a villa has never been so easy and straight forward. Here on the Island we can assist you in achieving a 100% mortgage on villas up to 300,000€ (100% does not include purchase costs they have to be paid separately). Financing over 300,000€, we can usually facilitate for a Client an 80% mortgage, leaving the purchaser to put into the property 20% from either UK savings or from UK borrowings. In certain circumstances a Client can borrow 100% on purchases over 300,000€ but the Bank here on the Island refers the application to their Central Branch in Athens and this process can be timely, but not impossible!
Interest rates have increased many times in 2006 and 2007 is set to see the same pattern. 2006 made available fixed and interest only mortgages to our Clients, we are able to offer through the Alpha Bank a fixed rate of 4.87% or a standard variable rate of 4.5%. There is a mortgage set up fee of approximately 1,500€ the Bank also requires you to take out annual property insurance the cost for this is approximately 500€ per annum.
One other cost that you must be aware of when purchasing a Villa on Rhodes by means with a Greek mortgage, is a pre-notation fee, this will be explained in detail to you by an Aegean Homes representative, the cost is dependent on your mortgage amount, for guidance you can expect to pay between 1,500€ - 2,500€.
If a Client decides to proceed with a purchase we require the financing in stage payments, usually five; the first transfer is 20% of the Contract price and is due approximately four weeks after signing of the Contract, if the Client is financing the purchase with a mortgage.
If the purchase is to be a "cash sale" we require the first stage payment to be 30% this is because we do not have the mortgage as security. With the first stage payment the monies are used for land transfers, payment of Permits and also to cover the Purchase Costs, i.e.; Lawyer and Notary's Fees. The second stage payment of 30% is due approximately six to eight weeks after the first payment and this is to begin construction, from site clearing to foundations in and construction complete to first floor level.
If the purchase is funded by a mortgage the Bank send out their own Engineer and Lawyer to check that we have completed the works that we are contractually bound to for completion of the relevant stage before a further release is made to Aegean Homes. The remaining stage payments follow roughly on the same time intervals, as the first, but if a Client wishes a longer period due a delay in the sale of a property elsewhere and this is to form part or all of the payment of the capital that they are injecting into the purchase in certain circumstances we can accommodate this, before signing of the Contract we discuss with each new Client their specific timescales for stage payments and how the entire purchase will be funded.
Make the most of your investment.
Our guaranteed rental program ensures piece of mind and no hassles to you finding rental customers, we use major villa rental companies who have huge advertising campaigns nationwide, this way you know exactly how much you have coming to you monthly towards your mortgage payments, with a 10% deposit on most locations the property will cost you very little monthly to keep. We guarantee for a two year period at any time, five years is possible but the amount we guarantee can be less and why have to wait five years before the amount you receive could increase!
A Client can choose to have the villa rented out on an ADHOC basis this means that the Client can use the villa for as much of the season as they want and then ask us to find rentals for the remaining weeks or months that they will not be using their villa. ADHOC is not a guarantee that we can find a rental customer and the rental income will be based on whatever we can reasonably charge individual customers, prices according to peak and off peak times.
According to Tour Operators recent research Holiday Villa Rental is one of the fastest growing sectors within tourism. In addition to renting your villa, we can fully maintain and manage the property for you, down to change over day sheet changes, to servicing your appliances and running the pool.
Want to see some numbers.
We have a holding costs spreadsheet which shows exactly what it would cost on a monthly basis when you take the rental income off the monthly mortgage payment and it can also deduct the management and maintenance charges. All we need to know is how many bedrooms or style of villa. What deposit would be injected into the purchase and also the term of the mortgage, we can facilitate 10 - 40 year mortgages here in Greece and we will send you an accurate personal finance breakdown.
Currently available.
Take a look at our currently available section and start your dream now!
No hidden costs.
We at Aegean Homes don't believe in hidden costs, the prices above include all standard fixture and fittings, the only thing missing is the furniture (excluding Psaltos where the furniture is included), this doesn't mean you cannot upgrade your fixtures and fittings or choose extras; an experienced member of our team will take you through all choices and prices. The standard price includes the villa, large plot, air-conditioning units, kitchen appliances, solar panel hot water, fireplace inferno 3000, traditional stone built BBQ, pergolas and own private infinity swimming pool.
The only additional cost is the purchase costs, which include Lawyer and Notary Fees and Taxes the total purchase costs are approximately €22,500 - €30,000 (depending on the location).
To secure a plot and have it taken off the market, Aegean Homes require a €2,000 non refundable security deposit.
After Sales Care & Management and Maintenance.
Our philosophy is not what you have come to expect from large developers, because we build off plan, in some cases we work closely with our clients for a period of up to twelve months during construction, to date, we have been very lucky that we have established good relationships with our clients and they have in turn become part of our family, this doesn't end once a property is handed over, we continue to offer advice and help where needed, schools, medical insurance, just ask!
Details are important to you... and even more so to us.
Top quality, reliability, timely delivery and personal touch go together with the very friendly prices of our properties and these facts are the most important advantages for working with us. We live and work in Rhodes and we want you to keep smiling to us for many years to come after you purchase your home from us. Therefore we make sure that each one of our customers is a happy customer.
Together with the Guaranteed Rental Program, for a small cost annually Aegean Homes offer full or part Management and Maintenance of your property, please ask for details.
Inspection trips. Rhodes Island awaits.
What better way to decide on which property suits you best, then to come and stay in one of our properties, please ask for details and prices for inspection trips.
We at Aegean Homes understand you as individuals, we appreciate how daunting the unknown can be, moving or even just purchasing an investment property can raise many questions and worries, each question answered will spawn a new one, we don't mind, we understand, please ask!
We pride ourselves on our friendly, fast and knowledgeable service and look forward to helping you make your dreams come true. If we can be of any further assistance or you would like to speak directly to a member of our team, please call on our free phone number 0800 783 2285 and let Aegean Homes lead the way.
