real estate

More than 10,500 real estate properties were passed to the Greek State in 2016 because of the inability of owners to pay their tax obligations, according to Kathimerini daily. The report cites data from Alpha Residential Properties saying that in...

According to market data presented by the Bank of Greece (BoG), more and more Turks are joining in the buyer's market for Greek properties. Previously, the majority of buyers were German, French, British and Italian, but since 2011 educated professionals...

The latest data from GLP Values chartered surveyors of advisers, expert agents and brokers shows that an estimated 150,000-180,000 existing properties in Greece are being ignored by potential buyers as there is no demand for the older residences. According to sources,...

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact, according to Yiannis Ploumis who is the general director at the Ploumis-Sotiropoulos real estate agency...

The damage the economic crisis has caused to the housing market is so big that it will take until 2050 for houses to reach the value they had in 2008. According to a study conducted by PricewaterhouseCoopers (PwC) auditor firm,...

Following appeals from taxpayers to look into the way in which ENFIA property tax is calculated in Greece, the country's highest court, the Council of State has ruled in favor of the plaintiffs. According to the Council of State, ENFIA...

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...

Greek notaries decided to not take part in foreclosures of primary residences this week, extending the decision they had taken last week. Their decision to abstain from the process is due to the fact that they state that the conditions...

Real estate property owners in Greece will have to pay an additional 1,000 euros in fees and levies and go through more red tape if they plan to sell or rent a property. A bill that is in the draft...

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...