Hotel for sale 727m2 in Corfu, Greece

A two-story hotel for renovation is for sale on the island of Corfu, Greece, located 100 meters from the sea. The building's total area is 727 m²; the plot is 2,300 m². The hotel is designed for 18 rooms. The property requires renovation and suits investors considering the restoration of a hospitality asset. Price - €800,000.

Corfu is one of Greece's most popular tourist islands in the Ionian Sea. The island attracts a steady flow of tourists thanks to its combination of Venetian architecture, beaches, and green landscapes. The distance to the sea is 100 meters, providing convenient access to the beach area. The exact area of the island is not specified in the source.

A two-story hotel with a total area of 727 m². Room inventory - 18 rooms. Plot - 2,300 m². The property requires renovation. The year built and layout details are not specified in the source.

Information about the complex is not available in the source.

• Price - €800,000.
• Price per square meter - €1,100.

When purchasing real estate in Greece, the buyer pays the property transfer tax (FMA). The base rate is 3% of the tax value of the property, plus a municipal surcharge of 3% of the tax amount. The final effective rate is 3.09%. For a property valued at €800,000, the tax will be: 3% of €800,000 = €24,000, plus €720 municipal surcharge. Total approximately €24,720. The tax is paid by the buyer before signing the final contract.

Additionally, notary fees (about 1% of the value) and registration fees (0.5-0.6%) are paid. The final transaction amount, including all fees, is calculated individually and communicated before signing the contract.

Annual expenses: the unified property tax (ENFIA) - calculated on the cadastral value of the property. For commercial properties, the rate is higher than for residential. The exact amount is to be confirmed with the tax authority. The municipal TAP levy is also paid.

Ownership type - freehold. Foreigners may purchase commercial real estate in Greece. Transaction steps: selecting a property, legal due diligence, signing the preliminary contract, notarization, and registration in the cadastre. Online viewings and remote closing via power of attorney are possible. Support languages - Greek, English.

If You're Considering It as an Investment

The seller markets the property under the Greece Golden Visa investment program. In 2026, the program thresholds are divided into three tiers:

€800,000 - Attica, Thessaloniki, Mykonos, Santorini, as well as islands with a population over 3,100 residents. Corfu falls into this category, since the island's population exceeds 3,100.

€400,000 - the rest of Greece.

€250,000 - a special route for commercial properties converted into residential stock, or for historic buildings subject to restoration. For properties acquired under this scheme, the conversion must be completed before applying for residency.

Important: the property's price (€800,000) matches the threshold for Corfu, however, for the Golden Visa program the property must be residential and have an area of at least 120 m². The hotel is a commercial property. To use it under the Golden Visa, either a conversion into residential stock will be required (which falls under the €250,000 route but requires completed conversion before applying), or verification of compliance with other program requirements as of the transaction date. The question of compliance is addressed in the service footer.

Since 2026, for properties acquired under the Golden Visa program, short-term rentals through platforms (Airbnb, Booking) are prohibited - only long-term rental is permitted. Violations carry a €50,000 fine and possible revocation of residency.

According to permit documents for Greek hotels for 2025-2026, the typical scope of work when renovating hospitality properties includes:

- Energy modernization: external thermal insulation, window replacement, installation of solar and photovoltaic systems, replacement of heating and cooling systems. This aligns with requirements to improve energy efficiency and reduce operating costs.

- Interior reconfiguration: changing the layout of rooms and common areas, bathroom renovation, floor replacement, interior painting.

- Facade updates: repair and painting of external walls, cladding replacement, balcony repair.

- Pools and outdoor areas: renovation of existing pools, construction of new ones (including compact and rooftop), landscaping, installation of pergolas, planting.

- Engineering systems: updating electrical, plumbing, and sewerage, replacing air conditioners, installing ventilation systems.

- Structural reinforcement: where necessary - strengthening load-bearing structures, especially for older buildings.

Permitting process: for interior reconfiguration, external repairs, and structures in open areas (e.g., pergolas) at major hospitality properties, a small-scale building permit (έγκριση εργασιών δόμησης μικρής κλίμακας) is required, regardless of the work budget. For more serious interventions (volume changes, additions), a full permit is required.

Best For

- Investors considering the acquisition of a hospitality property in Corfu for restoration and subsequent rental.- Buyers planning to use the property for the Golden Visa program after bringing it into compliance with program requirements (residential use, 120 m² area, completed conversion).- Those prepared to invest in the renovation and reconstruction of the hotel, given the typical scope of work.

May Not Be Suitable

- If you need a ready-to-operate property - the hotel requires renovation.- If you plan to use the property for the Golden Visa in its current state - it is commercial, not residential.- If you plan short-term rental for Golden Visa properties - a prohibition applies.- If your budget does not account for the annual ENFIA tax for a commercial property and renovation costs.- If information about the year built and the condition of engineering systems is critical for you - the data is unavailable.

What to Know Before the Transaction

The hotel requires renovation, which implies additional investment. In Corfu in 2026, there is a growing number of hotels listed for sale, which may indicate competition and room for negotiation. When purchasing, be sure to verify clear title, the availability of all permits, and the property's status in the cadastre. For the Golden Visa program, make sure the property can be brought into compliance with program requirements: residential use, area of at least 120 m², completed conversion before applying. Also check whether the building falls within a heritage zone - this may limit the scope of renovation work.

Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm the availability of the unit, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.