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Tag Archives: property

Golden Visa: Greece releases new rules incl. prohibitions

Greece’s Finance Minister Kostis Hatzidakis revealed on Thursday the new rules and limits regarding the Golden Visa scheme. Properties purchased  by non-EU nationals for the purpose of obtaining a 5-year residence permit. The changes concern the prices, the minimum size of the property as well as its utilization. There is …

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Payment of Property Tax (ENFIA) increases to 11 installments

The installments for the payment of the so-called “Unified Single Property Tax” (ENFIA) are increasing with an amendment submitted by the Ministry of National Economy and Finance to Parliament. At the same time, the deadlines for submitting the E9 form of realty declarations for those who want to make corrections …

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Greece’s Digital Property Transfer platform in operation as of Jan 1

The digital transfer of property platform went into operation on January 1, 2024  for all citizens and notaries public who wish to avoid lengthy in-person registration times. Once data is entered, the system will send the approved transfer or a justified rejection within a working day, instead of several-month delays, …

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Greece’s “Energy Saving at Home” subsidy platform opened for applications

Greece’s online platform for the “Energy Saving at Home” subsidy program was launched on Monday, June 12, and will accept applications until September 15, 2023. It is estimated that around 20,000 households will participate in the program, which has a budget of 300 million euros. Out of this allocation, 60 …

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Woman arrested a gang member defrauding property buyers in Athens

Greek police arrested a 56-year-old woman in Athens who is believed to be a member of a criminal ring that committed fraud and forgeries against property owners and prospective buyers. The woman was arrested on Tuesday the moment she took pre-marked banknotes from a prospective buyer of a property, to …

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PM Mitsotakis announces 13% permanent reduction in property tax ENFIA

Prime Minister Kyriakos Mitsotakis announced a permanent 13 percent reduction in the Unified Property Tax (ENFIA) on Wednesday morning. he added that the additional 13% reduction cover the government commitment for a total of 30% reduction in property taxes. Προχωράμε, σήμερα, σε μία νέα γενναία μόνιμη μείωση του ΕΝΦΙΑ κατά …

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HRADF completes transaction of Afandou Golf property on Rhodes for 26.9 million euros

Hellenic Republic Asset Development fund HRADF on Thursday announced the completion of the Golf-North Afandou property conveyance on the island of Rhodes to MA Aggeliades Hellas. The HRADF’s CEO Dimitris Politis, and legal representative of MA Aggeliades Hellas George Mylonogiannis signed the closing memorandum of the transaction with the payment …

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UN General Assembly unanimously adopts Greece’s resolution on return of cultural property

The United Nations General Assembly has unanimously adopted a resolution proposed by Greece for the “Return or restitution of cultural property to the countries of origin.” Greece’s three-year resolution was supported by an unprecedented 111 countries, the Foreign Ministry said in a post on Twitter on Tuesday. The resolution was …

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26 Greek islands exempted from unified property tax (ENFIA)

26 Greek islands are exempted from the unified property tax (ENFIA) for the year 2020. The exemption was announced by Prime Minister Kyriakos Mitsotakis on Saturday. Today, finance authorities published the list of the 26 remote islands, where property owners will not pay the property tax this year. These 26 …

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Greece holds 4. place in property taxation in the EU, real estate prices on the rise

When it comes to property taxation, Greece holds the fourth place in the European Union, after France, UK and Belgium, a study conducted by the Foundation for Economic and Industrial Research (IOBE) has shown. . Property Taxes (left): Greece after France, UK and Belgium. Repeated Property Taxes (right): Greece after …

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Tsipras, Archbishop Ieronymos agree on Joint Fund for Church Property exploitation

Prime Minister Alexis Tsipras and leader of Greek Orthodox Church Archbishop Ieronymos met on Tuesday afternoon ahead of the crucial Constitutional Revision. The poilitical and spiritual leaders of Greece agreed to set up a Joint Fund for the Exploitation of Church Property. Furthermore, they seem to have agreed on the …

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Apartment prices in Greece climb by 0.8% in second quarter of 2018

Apartment prices increased on an average by 0.8 percent based on year-to-year comparisons in the second quarter of 2018, the Bank of Greece said on Thursday. According to a Bank of Greece statement and based on data collected from credit institutions,(1) apartment prices (in nominal terms) are estimated to have …

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Greek Regulator probes ex head of Piraeus bank for laundering breaches

Piraeus Bank property deals involving managers including former Chairman Michalis Sallas may have cost the bank 6.4 million euros ($7.9 million), according to a report by Greece’s Anti Money-laundering Authority. In the report, a copy of which was reviewed by Bloomberg, the regulator said it looked at the bank’s sale …

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Have Greece and Creditors agreed on 130,000 property auctions by 2021?

Finance ministry sources on Tuesday dismissed several local press reports claiming that the Greek coalition government has promised creditors that 130,000 auctions of foreclosed property will be held by 2021. “There is no agreement with the creditors for 130,000 auctions within the next four years, such an agreement does not …

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Kuwait citizens to obtain Greek tourist visa within 24 hours

Citizens of Kuwait can obtain Greek tourist visa within 24 hours. In addition, those Kuwaitis owning property in Greece can obtain long-term visas. Ambassador of Greece to Kuwait Andres Papadakis affirmed that the process for Kuwaiti citizens to obtain Greek tourist visa is simple, indicating that the visa will be …

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