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Tag Archives: real estate

Greece to scrutinize real estate purchases paid in cash

Tax authorities in Greece will scrutinize real estate purchases that were conducted in cash. Aim of the tax authorities is to trace and sources of money used for the transactions and possibly trace money laundering. The Independent Authority for Public Revenue (AADE) is tracing the money trail for thousands of …

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Real estate prices in Greece reach record highs

The rate of house price growth is continuously exceeding record highs, according to data compiled by the Bank of Greece for the first quarter of 2023. Indicatively, prices rose 14.5% year-on-year in Greece as a whole, with even higher increases in the two biggest urban centers, reaching 16.5% in Attica …

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Greek real estate in high demand by European and international investors

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 …

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Real estate transactions increased by 42% in 2018, Public Revenues Authority says

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 …

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Greece Sotheby’s real estate records significant growth in 2018

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 …

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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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Greece to extend Golden Visa program to lure more investors

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 …

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Chinese investors line up to take advantage of cheap Greek real estate

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. …

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Bank of Greece report: Apartment prices down 1.5 pct in Q3

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 …

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Auctions & foreclosures start with real estate, hotels & 180 sheep

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 …

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