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Greeks Rush to Turkey for Shopping, Property as Lira Collapses

Greeks and Bulgarians are rushing to the border city of Edirne (Andrianoupolis) in Turkey to shop -- and even buy property -- as the nation's currency, the lira, is collapsing, Turkish daily Hurriyet reports. The lira dropped as much as...

Listed Buildings in Greece in Danger of Collapse as Owners Left in Limbo

A perennial concoction of legislative omissions, bureaucratic limitations, heavy taxation, and lack of financial state support is the reason why hundreds of historical listed buildings in Greece have been falling into disrepair and decay, private owners complain. The situation has...

Greek Airbnb Rentals Shift Business Model to Defy Covid Crisis

Short-term property rentals in Greece, already affected by market saturation and competition from new and cheaper nearby markets in 2019, saw their bookings devastated in the first half of 2020 as Covid-19 made its impact. However, looking at the results...

Greece Has Third-Highest Property Taxation Rate in EU, After the UK and France

According to data released recently by the OECD and Eurostat, Greece ranks third in the European Union in terms of the taxation it imposes on its citizens' properties. The only nations taxing their citizens more than Greece are Great Britain...

New Property Tax Rates to Go Before Greek Lawmakers

New rates of tax for property owners will go before Greece's parliament on Wednesday. The country's Finance Ministry on Tuesday published details of new zone rates, which analysts say will see nearly a quarter of Greeks pay less Unified Property Tax...

Time Running Out in Greek Real Estate Hunt

Greece's Finance Ministry has until Wednesday to receive applications from badly needed real estate evaluators, in its attempt to harvest reliable data on almost 2,700 locations for the country's international creditors. Athens has agreed to supply solid data on real...

Chinese, Russians and Turks Rush to Buy Property in Greece

Chinese, Russian and Turkish citizens are ranked in the top three in terms of the number of recipients of a five-year residence permit from Greece through property acquisition. Since 2014, Greece has offered so-called “golden visas” granting five-year residency -...

Greek Rent Prices: It is Cheaper to Live in Mykonos These Days

The home bubble has burst in Athens with home prices and leases continuing to drop, however rents are rising in Karditsa and Volos but remaining stable in Thessaloniki, Syros and Mykonos. In a market that hit rock bottom following Greece's...

Greek Home Market Among Cheapest in EU: Value for Your 200,000 Euros

Statista, the online statistics portal for market data, reports that a home buyer in Greece can buy the fifth largest home for 200,000 euros in the eurozone. Specifically, the amount can buy a newly-constructed 120 sq. meter flat that...

ENFIA Notifications Open Up for Property Owners on Monday

Single Property Tax (ENFIA) notifications for real estate owners in Greece are available online as of Monday. Real estate owners can visit www.gsis.gr for more information. The tax can be paid in five monthly installments, with a first payment...