Property taxes in Greece
Non-residents of Greece pay real estate taxes at the same rate as the residents of the country. Purchase The amount of tax when buying a property can vary greatly: for…

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Four largest banks in Greece successfully passed the ECB stress test
On May 5, the European Central Bank (ECB) published the results of the stress test of the four largest banks in Greece: with an unfavorable scenario, in the next three…

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How the size of the capital and the behavior of owners of foreign accounts: the study of Tranio and Adam Smith
Russia joined the agreement on the automatic exchange of financial information (Multilateral Competent Authority Agreement, MCAA), and at the end of December 2017 the OECD published a list of countries…

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connect the city

Feast on Olympus: investors are returning to Greece

In the summer of 2017, international rating agencies Standard & Poor’s, Moody’s and Fitch raised Greece’s credit ratings with a positive outlook. Analysts state: the country’s economy is recovering from the crisis. Other experts share their optimism:

According to IMF forecasts, by the end of 2017 Greece’s economy will grow by 1.8%, while the EU forecasts growth of 1.6% in 2017 and 2.5% in the next two years; Continue reading

Real estate in the Austrian Alps – a promising direction for investment

Alps – the world’s largest market for ski tourism. According to estimates of Laurent Vanat, the founder of the Swiss consulting company Laurent Vanat Consulting SARL, this region accounted for 150 million visits in 2017, which is 43% of all visits to winter resorts in the world.

An Alpine chalet and an apartment overlooking the mountains is not only a luxury item, but also a profitable investment if their owner is ready to rent the property to tourists. There is a special type of objects – tourist real estate – these are apartments with hotel services, which are organized by professional operators. The owner of such a property can lease the property permanently or several months a year. There are two control schemes for such objects: Continue reading

Property Maintenance in Greece

The maintenance of an apartment in Athens costs on average from 700 to 1.8 thousand euros, villas on the islands – from 1.5 to 15 thousand euros. The main items of expenditure are taxes and utilities.

Taxes
All property owners in Greece, including foreigners, pay an annual tax, which consists of two parts – the main and additional. Continue reading

UK will open the owners of real estate, decorated on offshore
On July 23, the Parliament of Great Britain introduced a new draft law on the creation of a public registry in which foreign companies owning real estate in the country…

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“Golden Visa”: who and where gets a residence permit for investment
The general principle of operation of any “golden visa” program is simple: a foreigner invests a certain amount in the country's economy in exchange for resident or citizen status. Today,…

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Athens infrastructure: how will new projects change urban logistics and real estate investors?
Greece's economy is recovering from the crisis. According to the National Statistical Service (ELSTAT), after an eight-year recession in 2017, Greek GDP grew four quarters in a row. One of…

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Costa Blanca: cheap real estate on the white coast of Spain
Alicante is the most popular province in Spain with foreign property buyers. According to statistics from the Board of Registrars of Property (Colegio de Registradores de la Propiedad, Bienes Muebles…

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