Over half of homeowners unable to pay 2013 property tax

Just over half of Greek homeowners say they will not be able to pay all their property taxes this year, according to a new poll.

The Kapa Research survey for the Hellenic Property Federation (POMIDA) found that of 1,414 people questioned, 54 percent said they would not have enough money to cover the cost of a range of property taxes that have to be paid in 2013.

Just under 50 percent said they doubted whether they would be able to meet their mortgage repayments this year, while about 25 percent are already falling behind in their monthly payments.

Regarding landlords who rent out their properties, 82.7 percent said that they are losing money from their real estate assets rather than making a profit.