Legislation

The right to housing in Greece tends to become a joke as housing prices soar at rates out of proportion to wages. While the problem of access to housing is intensifying on a pan-European level, it is now also on the agenda of politicians, who until recently underestimated it. As part of the housing policy, the government will announce at the Thessaloniki International Forum "My House 2", which will...

What is happening in residential real estate, commercial real estate and logistics The real estate market in our country is still moving at an upward pace, with positive prospects, in all individual sectors, residential properties, commercial properties and logistics. This finding comes from a series of studies and researches that see the light of day. Alongside the development prospects, new trends...

The government is introducing a three-speed limit With the aim of addressing the housing problem, limiting demand in "good" areas and addressing distortions in the real estate market by reducing particularly high prices, the Ministry of National Economy and Finance is proceeding with the legislation to increase the limits for the Golden Visa. At the same time, as mentioned by government officials, it...

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...

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...