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Greek Real Estate

Greece Comes 8th Among 42 Countries in Taxing Income from Rents

Greece ranks in 8th place among 42 European nations in taxing income coming from rented properties, says a Global Property Guide report. The new tax rates on income from rented properties have made real estate investment in Greece less attractive,...

Poor Protection of Ownership One Reason Foreigners Do Not Invest in Greek Real Estate

One of the reasons foreigners do not choose to invest in Greek real estate is the poor protection of the right of ownership by the state, a report says. In comparison to other European nations, Greece ranks very low in...

Mykonos, Santorini Top Choices for Summer Homes for Foreigners

The islands of Mykonos and Santorini, two of the most favored tourist destinations, are the top choices for foreigners who want to buy a summer home in Greece. There is a correlation between the nationalities of those who visit specific...

Greek Finance Ministry Sources Discuss Changes to Real Estate Tax

There is no issue of changing the 2015 Uniform Real Estate Ownership Tax (ENFIA), Finance Ministry sources said on Thursday regarding the ruling of the Council of State. The Council of State, Greece's supreme administrative court, on Wednesday officially published...

Four in Ten Greeks Spend Twice the EU Average in Housing Costs

Four in 10 Greeks spend twice as much as the average European Union household on housing costs, according to a Eurostat survey. More specifically, four in 10 Greeks spend more than 40 percent of their disposable income on housing costs,...

Increasing Foreign Interest in Greek Island Properties

Foreign investors and buyers are frantically searching for properties on the Greek islands of Santorini and Mykonos, driving the demand to an all-time high. According to Greek realtors, the holiday home market in Mykonos and Santorini shows such high...

10 Assets Greece May Eventually Sell

Numerous articles have been published since Greek Prime Minister Alexis Tsipras reached an agreement with creditors, on how the country will be able to pay back its bailout. TIME magazine and the Business Insider explored Greece's options in regards to the country's islands,...

Report Predicts Increase in Sales of Private Greek Islands

Knight Frank, a real estate consultancy company, released a report on island real estate across the world, noting that Greece's financial policies could lead to increased sales of the country's islands. "As the long-term ramifications of Greece’s financial bailout play out more fire-sales of Greek islands are expected....

Greek Defense Ministry to Generate €1.5 Bln a Year from Army Property

The Greek Armed Forces wealth exceeds 32 billion euros in real estate property and the Defense Ministry has a plan to generate 1.5 billion euros per year in revenues by utilizing it. According to estimates by Defense Minister Panos Kammenos,...

250,000 Unsold Properties in Greece's Crisis-hit Real Estate Market

For decades the Greek banks and the real estate market were operating as communicating vessels, with the former granting long-term mortgage loans to satisfy the increasing demand for real estate properties. With Greece being through the sixth year of economic crisis, the...