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Bulgarians are stepping up property purchases in Northern Greece, with demand picking up pace following the country’s entry into Schengen by land. Real estate agents report growing interest, particularly in popular tourist areas like Halkidiki, Thessaloniki, and Kavala. In Halkidiki, prices are on the rise, with forecasts pointing to a 15% increase this year. The…

The average price per square meter for newly built properties in the broader Athens-Piraeus area reached 3,706 euros. Property prices across Greece continued their upward trajectory in 2024, with an average increase of 6.5% compared to 2023, according to data from RE/MAX Hellas, the country’s largest real estate network. This increase was observed across all…

Last year ended with an increase in residential sale and rental prices, as in the last quarter average asking sale prices increased by 7.9% year-on-year and by 2.2% compared to the third quarter of 2024. Correspondingly, the average asking rental rates increased by 5.8% compared to the fourth quarter of 2023, while they moved at…

Taxes on Buying Property in Greece When purchasing property in Greece, buyers are required to pay either a transfer tax or VAT. The same rules apply whether the property is bought by an individual or a company. The tax type and rate depend on the property’s nature. VAT (Value-Added Tax): If the property has been…