Transfers

In the twelve months of April 2022 - March 2023, the volume of transactions in the whole country fell by 12.45% on an annual basis House prices may continue their upward trend, as they increased by 14.5% year-on-year in the country as a whole in the first quarter of this year, but transaction volumes are following the opposite trend. The above conclusion results from the study of the Research and...

The market share of second-hand properties on all sales that take place is now increasing, since the cost of buying a newly built home is considered prohibitive for the majority of households. A large portion of real estate buyers turn to second-hand properties as prices are lower than new constructions but there is more room for negotiation with sellers. At the same time, the cost of buying an old...

A lack of demand for buying real estate in the northern suburbs of Athens has been observed in recent years, in comparison with both the southern and the central areas of Athens. Why do the northern suburbs not follow the ‘rally’ of the southern suburbs? According to Lefteris Potamianos, President of the Association of Real Estate Agents of Athens and Attica, there are three reasons. The first reason...

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...

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 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...