Bureaucracy

Incentives for the reconstruction and utilisation of properties are requested by executives of the real estate market The thousands of "orphan" properties in Greece, which, according to the latest estimates, amount to 770,000, are recording a significant increase in the last decade and are characterised as a ticking bomb that is ready to explode. In fact, information from the tax authorities indicates...

Winners and losers from the increase in the limit of 500,000 euros The real estate market is now looking for new opportunities, after the changes to the "Golden Visa" scheme and the investors’ frenzy during the first half of the year. From August 1st, visas increased from 250,000 to 500,000 euros for those who choose to buy real estate in Athens, Thessaloniki, Mykonos and Santorini, which turns the...

Today's market conditions are completely different from those that followed the financial crisis and led to the collapse of the real estate market, emphasised the president of the Athens-Attica Real Estate Agents’ Association, Lefteris Potamianos, while speaking at the 3rd Greek-Serbian Forum, held in Thessaloniki. "Today most of the transactions – at least this my feeling and of my colleagues’ from...

Red tape and the dozens of certificates required for transfers make it difficult to buy and sell real estate in Greece. The government is moving forward with decisions aimed at facilitating transfers, such as electronic inheritance tax returns, and digitising the issuance of tax information and debt certificates. Electronic submission of inheritance declarations and informal donations: No more visits...

Capital taxation has been constantly changing in recent years. This is a result of the high taxes that were instituted following the pressures of the 'troika' to increase revenues and meet fiscal targets. From 2019 onwards, the reverse process began, when the government suspended VAT on constructions, while it offered incentives for repairs, ensuring, as long as owners paid for the work electronically, a...

The Ministry of Digital Government is trying to put an end to the suffer of taxpayers who want to buy or sell properties, but need to collect numerous supporting documents. Again, this process has been severely delayed. The government was expecting to introduce a fully operational electronic transfer system in early 2022, yet this is still unavailable. As it stands today, landlords need to physically...