Business

The turnover of its economy in Greece is expected to reach 4 billion euros this year When in 2007 Brian Chesky and Joe Zembia decided to provide their San Francisco living room air mattress and a simple breakfast for a fee, they could hardly believe they were laying the groundwork for a multi-billion dollar financial empire that has mutated the tourism industry but also entire megacities. Indeed,...

The story A foreign tax resident from Israel, with a tax representative in Greece, was charged income tax and a fine, after the tax audit authorities found out that the foreign taxpayer had profits from business activity, which relate to the sale of real estate, but without declaring his commencing of business activity. The taxpayer filed an appeal, requesting the annulment of the act of determining...

Five hundred thousand euros ($530,000) for a residence permit in a Schengen zone EU country: That's the deal the Portuguese government has been offering rich foreigners since 2012. About 12,000 investors have taken advantage of it to date, effectively purchasing an entry ticket to the European Union for themselves and their families. Now Portugal is calling time on its golden visa program, partly in...

With the increase in the investment limit, only the expensive suburbs of Attica and the cosmopolitan islands will benefit. The Golden Visa granting program for the acquisition of property with minimum value of €250,000 depending on the investment opportunity, added to the domestic real estate market 1,035 property sales in 2021, 938 in 2020, 3,535 in 2019, 1,833 in 2018, 959 in 2017, 488 in 2016, 421...

Real estate professionals request government intervention for the restoration of overpricing phenomena, which in many cases create a distortion in property values ​​and hinder the attraction of foreign real capital in the Greek real estate market with regard to the Golden Visa program. The president of E-Real Estates, Themistoklis Bakas, describes the golden tricks, which have been devised in recent...

The dynamics of real estate prices and rentals have been examined by Alpha Bank in its Weekly Bulletin of Economic Developments (July 2022), highlighting, among other things, the effect that of increase in telecommuting on the property market. In particular, Alpha Bank's analysis team points out that the rise in residential property prices and rents over the last two years is a pan-European phenomenon....

Are you you a private investor who is interested in buying or selling property in Greece? Here is 10 tips of what you need to think about in Greek Real Estate: 1) Location, location, location! Step number one is to decide on the area you wish to live in, or wish to invest your money in. 2) Browse through as many websites as possible to locate the property that suits you best. 3) Locate the right property...