Tag Archives: real estate

Τhe real estate market in Greece is at the center of European and global investment interest, according to participants in the annual Prodexpo conference in Athens that took place on October 24-25. Despite global challenges, the real estate market is showing exceptional resilience in Greece, offering opportunities to investors in …

Read More »

A new digital platform that provides an interactive map of the Greece’s real estate price zones was launched by the Finance Ministry on Monday. The online tool allows citizens to see which zone their assets fall into, or get information on real estate so-called ‘objective’ prices, that is a property …

Read More »

Greece’s Finance Ministry announced the new property zone rates on Monday in an effort to adjust the so-called objective values with the commercial values and have millions of real estate owners be taxed for their properties accordingly. The new property zones, 13,808 in total, are overhauled across the entire country …

Read More »

Prime Minister Kyriakos Mitsotakis announced a three-year suspension of Value Added Tax (VAT) on new building permits but also on unsold properties built after 1. January 2006. Aim of the measure is to ease the huge stock of unsold properties and stimulate the construction activity. The exemption covers all real …

Read More »

The Greek government plans extra incentives to attract big scale foreign investors from non-EU countries: The trade is Greek citizenship in return for real estate investment worth at least 2 million euros. According to information by daily kathimerini, Greek citizenship and Greek passports will be available to third-country nationals acquiring …

Read More »

Real estate property transactions recorded an increase of 42 percent 2018, totaling 26,700 compared with 18,800 in the previous year, Greece’s Independent Authority for Public Revenues (AADE) said in a report. The increase offers strong signs of a revival in the domestic real estate market,the report stressed. Short-term property leases …

Read More »

Bad news for homeowners in forest areas. Greece’s Council of State’s plenary session turned down as “unconstitutional” the legislation which allowed clusters of homes within forest areas. On Friday, the Council of State annulled a ministerial decision (34844/11.07.2016) which allowed small clusters within designated forest areas and could have led …

Read More »

Sotheby’s International Realty Affiliates LLC announced the highest annual return in history in 2018, with its partners reaching a total sales volume exceeding over 112 billion dollars. Greece Sotheby’s experienced one of the highest growth rates worldwide, greatly consolidating its leading position in the local market. Record number of transactions …

Read More »

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 …

Read More »

Greece will extend the Golden Visa program to investors other that those purchasing real estate worth at least 250,000 euros. The new scheme will include those who make a bank deposit or an investment in Greek bonds or shares of  at least 400,000 euros. In return, recipients will get five-year …

Read More »

Chinese investors are lining up to take advantage of cheap real estate in Greece where prices hit bottom during the economic crisis. For Chinese buying property in Greece is of high interest due to the Golden Visa program that grants them a 5-year residence permit for them and their family. …

Read More »

Foreign nationals have invested €1.1 billion to purchase Greek real estate under Greece’s “Golden Visa” program. Since the program’s inception in 2013, 1,725 golden visas have been issued, entitling investors and their families to five-year residence permits in Greece. The “Golden Visa” program entitles national form third countries, i.g. outside …

Read More »

The Bavarian Minister of Finance, Markus Soeder (CSU), a fierce Grexit supporter of Merkel’s  CDU sister party  apparently has moved away from his demand for a Greek euro exit. During a visit to Athens, Soeder said that the problems around Britain’s exit from the EU showed how difficult a Grexit …

Read More »

A pinewood forest, three private beaches, seven outdoor living areas, seven bedrooms, seven bathrooms, two build-in kitchen, two guest suites…. 568 square meters of astonishing grounds inspired by the design of a French country house. A dream home to call it own. Stunning view over the Saronic Sea, the cosmopolitan …

Read More »

Nominal apartment prices are estimated to have declined on average by 1.5 pct year-on-year in the third quarter of 2016, the Bank of Greece said on Monday. The central bank, in a report, said that according to revised data, the decline in the first and second quarters of 2016 was …

Read More »

It’s done. Despite the famous Greek summer, as of tomorrow, June 1st 2016, it will rain auctions and foreclosures. The relevant Presidential Decree was signed and published in the Official Gazette. Apartments, villas, land plots, hotels, ships, helicopters and yachts but also 180 sheep and poultry farm equipment with 4 …

Read More »

It sounded really strange on Sunday morning. Deputy Foreign Minister Dimitris Mardas revealed a plan Greek government has under consideration to offer refugees and migrants “residence permission if they invest 250,000 euro in Greece.” Mardas told Skai TV, that the government is styding a project to examin ethe economic profile …

Read More »

“Yperaxia” is a magic word in the Greek tax system. I do not even try to translate the term, but I will try to explain the “yperaxia”-tax imposed on property sellers, because I was asked to do so by some Greeks living abroad. Greeks who understand the law as less …

Read More »

The economic occupation of Greece is getting …better and more obvious. The Troika, the European Union and the European Stability Mechanism (ESM) have big plans concerning the real estate assets currently managed by the Greek Privatization Fund (TAIPED). According to newspaper Proto Thema that grabbed the confidential report prepared by …

Read More »

For a debt of 831 euro to the Public Water Company, a jobless father of two is about to lose his home. Without job for three years, the man was unable to pay utility bills. His debt to Public water company EYDAP reached 831 euro as he stopped paying since …

Read More »