Friday December 19, 2014 Search
Weather | Athens
17o C
10o 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)  
Importers told to pay up in advance
Jobless rate posts steady decline
Piraeus and KKR strike loans portfolio deal
German approval and praise come at key time
Stores wrecked in protests to be let off municipal fees
Athens Mayor Giorgos Kaminis on Thursday proposed that businesses in the capital that suffered damage when demonstrations turned violent on December 6, the sixth anniversary of the police ki...
SYRIZA rules out political consensus before polls
Leftist SYRIZA leader Alexis Tsipras on Thursday categorically ruled out any kind of consensus with other political parties before elections. “We are prepared at this historic moment to lead...
Inside News
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldn’t make it up: That Sony, one of the world’s biggest film producers, would be forced to pull a comedy about the assassination of North Korea’s dictator after a ...
COMMENTARY
Europe´s drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK loss at Giannina brings Olympiakos to within a point
2. Reds lose in Turkey to motivated Galatasaray
3. Importers told to pay up in advance
4. Jobless rate posts steady decline
5. Piraeus and KKR strike loans portfolio deal
6. German approval and praise come at key time
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. What SYRIZA says about Greece’s economy, its debt and the euro
4. Kammenos maintains firm position, says general election is 'one-way street'
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. Snap elections would lead to euro exit, says former premier
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Greece reruns doomsday scenario as politics collide with markets
6. Gap between SYRIZA and New Democracy closing, says poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.