Investments

Property: When the price rally ends – Why the IMF is ringing the bell for a “bubble”

How much is the Greek market at risk as a whole from the trend in real estate? An alarm has sounded in the real estate market about the possibility of a "bubble" in real estate. As prices continue to increase, at the first quarter of the year home sale prices compete at double the rate of growth. The properties The figures are revealing, according to which the sales prices of newly built apartments...

The real estate bubble

The current economic situation, but sometimes an entire period of history, can be captured by the price fluctuations of a small apartment. A friend of mine was described me a few days ago the adventures and destiny of a small apartment she owns in Ampelokipoi over the last 20 years. The ground-floor apartment, which her family bought her during her student years up until the day she got marriage, became...

Sale of two properties within two years: Is it not tax-free for individuals after all?

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...

Portugal will no longer issue ‘golden’ EU visas

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...

Association of Real Estate Agents of Attica: “There is no risk of a real estate bubble”

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...

The increase of the Golden Visa limit as investment exclusion of the periphery

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...

Golden businesses with the Golden Visa – How the dexterous profit the most: the trick with real estate renovations

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...

Golden Visa: Property Sweeps – Tricks with Renovations and High Rentals

According to government information, checks on Golden Visa program investors have recently been carried out by relevant state agencies. Investigations are conducted both at central and regional level for cases of Golden Visas that were granted to foreign investors from third countries, focusing primarily on Athens and other areas. Golden tricks and the Golden Visas In his article, published on...

More than 90,000 property transfers since the beginning of the year

A construction blooming has been noted during the last 9 months in the country, despite the fact that the pandemic crisis and the war in Ukraine have created multiple problems. The cost of construction, for example, has increased by 50% within one year, as materials and services have risen steeply; however a strong interest of foreign investors in buying properties, mainly in the Southern Suburbs of...

The automatic adjustment of the objective values ​​has started!

The pilot operation of the system of bulk real estate valuations (CAMA) has started. The electronic system is currently being tested by the services of the Ministry of Finance, a process which, as everything shows, will last several months, until at least the country's political leadership is convinced that the new system's results are correct and unquestionable. In the first phase, the system collects...

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