Wednesday May 6, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Illegal real estate agents have outnumbered legitimate ones

By Nikos Roussanoglou

The sector of real estate agents is particularly prone to social security contribution evasion and to undeclared labor, as according to data from the Hellenic Federation of Realtors (OMASE), the number of illegal agents is actually higher than that of the legal ones.

The profession of estate agent is officially being performed by some 4,000 people across the country today but there are another 5,000 people, according to estimates, working as realtors and negotiating sale transactions and rentals of properties without being properly registered.

As a result the state misses out on millions of euros in tax revenues, to say nothing of the lost contributions to the Freelancers’ Fund (OAEE), as none of those illegal agents pays any of the contributions provided by law. These professional also tend to rarely declare their commission from a sale to the tax authorities.

Legal estate agents have said that a number of their former colleagues continue to have a regular presence in the market even after having handed in their licenses, often using fake certifications or simply using third parties as mediators.

OMASE data show that before the outbreak of the financial crisis there were more than 8,000 professionals on its register. Between 3,500 and 4,000 were in Athens, some 1,800 were in Thessaloniki and the other 2,700-3,000 in the rest of the country. This number has now dropped by 50 percent. The capital has around 1,850 legal realtors, there are fewer than 900 in Thessaloniki and about 1,200 in the rest of Greece.

OMASE General Secretary Lefteris Potamianos told Kathimerini that “several realtors retired in the last few years due to the crisis and others left the industry because they were unable to survive. Yet some of them have remained active, without meeting the respective tax obligations.” He added that the number of individual exercising the profession illegally has soared, along with those calling themselves investment consultants.

ekathimerini.com , Sunday June 29, 2014 (20:10)  
Greece attacks creditors as ECB considers next step
Greece said to have made 200 mln euro IMF payment due Wednesday
Sklavenitis announces absorption of rival Veropoulos
Hopes of a GDP rebound evaporate
Greek police ´frequently harass and abuse´ marginalized people, HRW says
Police in Athens systematically harass and abuse marginalized people, Human Rights Watch (HRW) said Wednesday, adding that the arbitrary detention of individuals who live or spend considerab...
Mardas denies report he transferred cash abroad after joining gov´t
Greece's alternate Finance Minister Dimitris Mardas has denied a report in Germany's Bild newspaper that identified him as the government official alleged to have recently transferred 80,000...
Inside News
TRACK & FIELD
Over 18,000 runners participate in the Athens Half Marathon
The 4th Athens Half Marathon was an unqualified organizing and sporting success on Sunday, as thousands of runners joined in the race of the 21-kilometers and the 3k and 5k runs in the capit...
SOCCER
Six teams to fight to avoid the last relegation spot
Panthrakikos was the biggest winner of the penultimate round of Super League games on Sunday through its victory at Veria, on the day that Olympiakos partied for its fifth consecutive title....
Inside Sports
COMMENTARY
Greece´s ´Blazing Saddles´ strategy isn´t working
There's a scene in the 1974 Mel Brooks movie "Blazing Saddles" where the besieged sheriff points a gun at his own head and threatens to shoot himself if the townspeople threatening to kill h...
COMMENTARY
A ‘logical’ scenario vs historical accidents
The country has reached a point where there is only one “logical” scenario left. By now, Prime Minister Alexis Tsipras understands very well the meaning of bankruptcy, a credit event and a G...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek police ´frequently harass and abuse´ marginalized people, HRW says
2. Greece attacks creditors as ECB considers next step
3. Mardas denies report he transferred cash abroad after joining gov´t
4. 4.5-magnitude quake strikes off Greek island of Crete
5. Greece said to have made 200 mln euro IMF payment due Wednesday
6. Defense minister offers to bolster NATO, help fight against terrorism
more news
Today
This Week
1. Defense minister offers to bolster NATO, help fight against terrorism
2. A ‘logical’ scenario vs historical accidents
3. Greece said to have made 200 mln euro IMF payment due Wednesday
4. Inexplicable decision
5. Greece's 'Blazing Saddles' strategy isn't working
6. 4.5-magnitude quake strikes off Greek island of Crete
Today
This Week
1. The Good, the Bad and the Ugly
2. Greece’s decade-long relationship with Merkel
3. Greek decision to exit euro would be disastrous for Greece
4. Varoufakis attacked by anarchists while dining in Athens
5. No need to widen the rift
6. Empty admissions of fault
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.