REAL ESTATE Transfer tax gets pushback The planned five-fold increase of the property transfer tax (from 3% to 15%) exclusively for buyers outside the European Union seems to be a measure destined to fail, while creating plenty of collateral damage. Alrea... See more
REAL ESTATE ‘Hot potato’ in real estate One of the hot potatoes the next government will have to handle is the need to readjust the taxable property rates, known as “objective values.” Given that the system is used to tax both possession (like ENFIA, real... See more
REAL ESTATE Property transfer tax backlash The upcoming fivefold increase in the house transfer tax (from 3% to 15%) will deal a blow to demand for holiday homes from citizens of non-EU countries, market agents have warned. The move does not address the h... See more
REAL ESTATE House rates up 94% in just nine years The current situation in the housing market in terms of prices looks like welcome relief for interested buyers, as this is one of the few periods since 2017 that the growth rate has been relatively moderat... See more
Student housing rents surge, demand for small apartments soars Smaller apartments, furnished and fully equipped homes, and co-living are reshaping Greece’s student housing market as students and parents struggle with rising rents. Demand is so strong that... See more
