Should I buy or rent a home in Kefalonia?
If you have not spent a lot of time in Kefalonia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in Kefalonia depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kefalonia for an extended period and have the financial means, buying a home can be a good investment, as property prices in Greece have been relatively low in recent years. Owning a home also allows you to have more control over your living space and potentially generate rental income if you decide to rent it out when you're not using it. On the other hand, renting a home in Kefalonia offers more flexibility, as you can easily move to a different location or property if your needs or preferences change. Renting can also be more cost-effective in the short term, as you won't need to pay for property taxes, maintenance, and other expenses associated with homeownership. Additionally, renting allows you to test out living in Kefalonia before committing to a long-term investment. Ultimately, the choice between buying and renting a home in Kefalonia depends on your individual needs, financial situation, and future plans. It's essential to carefully consider your options and consult with a local real estate expert to make the best decision for your circumstances," said a member in Kefalonia, Greece.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Should I buy or rent a home in Kefalonia?
If you live in Kefalonia, newcomers to Kefalonia would love to hear your answer to this question.
