All Posts in Category

Market Trends

After showing resilience to pandemic, Greek property headed for strong growth

According to Elias Lekkos, chief economist of Piraeus Bank, the reasons for this “disconnection” between macroeconomic data and real estate prices are obvious. After the initial shock of the pandemic spread, the majority of interested buyers-investors realized that the Covid-19 pandemic would be temporary and economic activity would return to pre-Covid levels. The prospects for…

Property Taxes to Be Reduced For Greek Businesses and Individuals

The government’s new tax legislation, which was brought before Parliament last week, envisages more favorable provisions for taxpayers, both private and corporate, to settle their debts with tax agencies. Under the proposed legislation, which will be debated and voted on in Parliament under fast-track procedures, taxpayers will be offered lower monthly installments of just 20…

Purchasing property in Greece

There is no major obstacle for EU citizens buying property anywhere in Greece. For non-EU nationals though, there are certain parts of Greece called “borderline areas” which do require a special permit. This is issued by the Greek Ministry of Defense. Recently, Halkidiki has been removed from the list of areas that require such a…