State Intervention

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...

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...

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...

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...

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...

Zone rates are implemented in 2,167 areas by the government's economic staff, effectively completing the first major part of the new property tax reforms. After the inclusion of the above areas in the system of objective value determination of of real estate, almost 100% of the Greek territory will have zone prices which will even match the commercial value prices. The second part of the reform concerns...

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...

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...