The tax authorities are increasing the burden on owners choosing to rent out their property short-term.
PROPERTY
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.
Dozens of buildings around Athens’ Omonia Square have hundreds of empty offices.
Island municipalities issued the largest number of new building permits in 2023, with the top five comprising Lefkada and Zakynthos in the Ionian, Paros and Naxos in the Cyclades, and the Dodecanese island of Rhodes.
Short-term rental accommodation in Greece is showing diametrically opposite trends at the moment.
The number of properties listed for sale significantly outweighs those available for rent in areas with substantial housing inventory, data show, indicating a reluctance of homeowners to rent out their properties.
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