Greek buyers are now making a dynamic return to the holiday home market, for the first time since the outbreak of the financial crisis.
PROPERTY
Changes to Greece’s Golden Visa scheme are set to kick in at the end of the summer. This will see increases in the minimum amount needed to invest in order to secure a residence permit in an effort to tackle the country’s housing crisis.
The first of the two new Capital Taxation Centers (KEFOK) is to be activated on Monday.
The Cypriot Parliament has passed a law enabling beneficiaries to apply for a 5% reduced VAT rate within a year of acquiring a residence.
The tax authorities are increasing the burden on owners choosing to rent out their property short-term.
Changes in the tax framework for the short-term rental market have not deterred property owners.
There are significant disparities between the expectations of sellers and reality when it comes to property transactions in Attica, according to data regarding sales in 2023.
New applications for five-year residence permits through the Golden Visa program continue unabated.
One in five property owners will pay a reduced Single Property Tax (ENFIA) this year.
Real estate transactions hit an all-time high in Cyprus last year, Deloitte has said in a report, noting that interest was focused on the residential market and on the seaside city of Limassol.
The Single Property Tax (ENFIA) pay slips for approximately 7.3 million property and business owners have been posted on the myAADE digital portal for the financial year 2024.
Another seven General Urban Plans (GUP) for towns and town units were published in the Government Gazette on Thursday, specifying land use and terms and restrictions of construction.
Real estate was a huge draw, again, for foreign investors in 2023, accounting for almost 1 out of every 2 euros that flowed into Greece.
Donald Trump’s son-in-law Jared Kushner has plans to build a tourist resort in the area near the town of Vlora, loved by locals for its quiet pine forests, olive trees and walking trails, and where cows saunter along the deserted windswept beaches.
The growth }in the sale and rental rates of houses and apartments in Attica continued during this year’s first quarter.
Thousands of homeowners with properties near or inside forested/protected areas face hefty fines as of Monday if they have not complied with new fire protection measures.
[nx_login_form]x
