PROPERTY

finance-ministry-beats-local-authorities-reluctance
PROPERTY TAXATION

The agencies of the Finance Ministry beat the reluctance of local authorities and managed to obtain details about the market prices and zone details of numerous areas around the country so as to calculate the taxable rates, known as “objective values” and announced a week ago.


flurry-of-real-estate-sales-anticipated
PROPERTY

The shifts in the map of taxable rates for properties, known as “objective values,” are expected to send transactions soaring in areas where the biggest hikes are planned to apply from January 2022.

why-golden-visas-stumbled-last-year
RESIDENCE PERMITS

Over the next few months Greece’s Golden Visa program, which offers five-year residence permits to non-EU citizens who invest at least 250,000 euros in Greek property, will need to cover the ground lost due to the pandemic if it is to return to the world’s leading position that it occupied in 2019. Data show that […]

gov-t-plans-e-auction-overhaul
ECONOMY

The government is about to reform the system for conducting property auctions so as to render the assets available more attractive and to generate more buyer interest through the online platform e-auction.


zone-rates-rise-8-on-average
PROPERTY TAXATION

The new property zone rates the Finance Ministry announced on Monday for the entire country showed an average increase of 8% and will start applying from January 2022, allowing interested buyers as well as sellers to study the new rates and act accordingly.

enfia-cuts-for-most-owners
PROPERTY TAXATION

The taxable value of Greek citizens’ real estate property is set to rise by at least 100 billion euros next year, topping €700 billion in total.

enfia-may-skip-zone-hike
PROPERTY TAXATION

The inclusion of 3,500 more zones to the system of official property rates (known as objective values) are leading to the expansion of the tax base, allowing the Finance Ministry to offset the increase of the Single Property Tax (ENFIA) from the upward adjustment of zone rates, mostly in cities but also in villages.


property-buyers-in-a-rush
REAL ESTATE

The new property rates used for tax purposes – known as “objective values” – as well as an earlier deadline for the payment of the Single Property Tax (ENFIA) will go into effect in just six months’ time, affecting activity in the Greek real estate market.



seeking-partners-for-cavo-sidero
BUSINESS

Minoan Plc is planning to get started on a major tourism development on a 25-square kilometer plot at Cavo Sidero, near Sitia in eastern Crete, through strategic partnerships and consortiums.

property-supply-is-set-to-soar
LOAN COLLATERAL

Property market professionals in Greece expect pressure to increase on prices in the category of apartments with the highest demand – i.e. those ranging between 80,000 and 150,000 euros – in the coming years.

store-rental-rates-in-decline
PROPERTY TAXATION

Store rental rates continued to slide in the first quarter of the year in the most popular commercial areas of the Greek capital.


realty-shift-to-assets-of-lower-value
PROPERTY

Property market professionals and officials from companies cooperating with funds that have acquired bad-loan portfolios have declared their readiness for a more active management of the tens of thousands of properties of lower value, around 90,000-100,000 euros.

china-tourists-to-bounce-back
TOURISM

Chinese tourists are eager to return to Greece for holidays and weddings, but the strict quarantine of at least three weeks they face upon getting back home is deterring them from fulfilling their dream, say two experts on China.

new-objective-values-to-apply-from-2022
PROPERTY TAXATION

The government will announce the new property zone rates for the entire country this summer, but they won’t come into effect until January 2022.