• Report: #919475

Complaint Review: savvas savvaidis

  • Submitted: Mon, July 30, 2012
  • Updated: Fri, September 28, 2012

  • Reported By: Eastcoast charlie — Internet United Kingdom
savvas savvaidis
Internet United States of America

savvas savvaidis Savvaidis.com, jetsethomes , M/YSerena, Savvaidis Ltd, Seller of illegal properties, Rhodes Greece, Internet

*Consumer Comment: Our Savvaidis "Investment"

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A warning to anyone looking to purchase property in Rhodes Greece.This man should be avoided at all costs.Claims to be the biggest and best agent on the island with untold knowledge of the area and its housing market and yet simply oversee's the need  to view building licences for property he is selling to the unsuspecting usually British customers.

Savvas Savvaidis has been selling 'homes to let' for many years  cleverley misleading his clients with claims that mortgage payments could be  met by income via holiday rentals of the property and even giving them a profit at the end of each year,he omits to tell anyone that in order to do that they need an Eot licence knowing full well that the vast majority of the properties are so illegally built that they will NEVER be able to obtain such a licence!Thus making such earnings in Greece ILLEGAL!

To help him in this scam he will encourage his victim into the use of one of his 'suggested' Lawyers,a handfull of dishonest Lawyers who will also oversee any differences between what the victim thinks he is purchasing(sold by Savvas) and the usual scam of it being much smaller on Official entries to the land regisrty/Building licence office!They then gently guide you through the Il(legal) process thus selling you a home that is worth roughly half of the value you have just paid! If not less. [continued below]....
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Savvas' normal getout of this is to claim that"He is only the agent"and therefor not responsible but he forgets that he is the one that initially misleads the victims in to purchasing and then safely places them into the hands of a Recommended/suggested lawyer to complete the scam.

He has been using this scam for many years and is responsible for scores upon scores  of such dealings leaving the once proud owners in a terrible financial mess!


This report was posted on Ripoff Report on 07/30/2012 04:05 AM and is a permanent record located here: http://www.ripoffreport.com/r/savvas-savvaidis/internet/savvas-savvaidis-Savvaidiscom-jetsethomes-MYSerena-Savvaidis-Ltd-Seller-of-ille-919475. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

Our Savvaidis "Investment"

AUTHOR: Jollyroger - (United Kingdom)

We purchased through this very same agent back in 2008.We bought a villa in Lardos based on our annual yeild based on holiday renting.At the time of purchase we were told by sales staff at Savvaidis that we could expect to earn up to 25,000euro per season and then this money used for mortgage repayments with money left over!!!! It sounded a fantastic idea especially when told that 'Savvaidis Property management' could manage the up keep of our new "investment" whilst we were at home in the Uk.And the final convincing factor was that 'Savvaidis' could even manage our lettings,sounded like nothing could possibly go wrong.Mr Savvaidis and his truthful staff omitted to tell us of one very important factor and that was that it was totally against the law to rent out our property on a tourist basis even though they had sat down with us in the sales office and worked out on the calculator what we could expect to earn doing just this.

We now find ourselves effectively 'closed down' with visits from the GNTO,SDOE and Police,and now Court cases against us for renting our villa "Illegally"!We now cannot afford to pay our Savvaidis arranged mortgage and now stand to loose our "Investment" along with it 100k of our own money and our dreams.

Savvaidis knew when they sold us the property that it was illegal to use as a holiday rental home but nethertheless encouraged us into the purchase.

This man and his company did nothing short than deceive us "Every step of the way".





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