Currency games: to whom and where it was profitable to buy overseas property
Currency fluctuations are affected by various factors: monetary policy, inflation, consumer confidence, GDP dynamics, and the balance of payments. As a rule, along with the growth of the currency, real…

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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…

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Athenian Riviera: a place to live and invest
Athens Riviera called the southern suburbs of Athens, which occupy the coast of the Saronic Gulf from Piraeus to Cape Sounion. These include Paleo Faliro, Glyfada, Voula, Vuliagmeni and Varkiz.…

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language or history of the country

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 years their capital will fall no less than the minimum requirements of the ECB, which indicates the successful completion of a multi-year restructuring period.

To assess the state of banks, the ECB uses the coefficient of basic capital of the first level (Common Equity Tier 1, CET1) – this capital must be sufficient to cover possible unexpected losses of the bank in case of recession, low interest rates, currency weakening and falling real estate prices. The ECB is considering two scenarios: in the baseline scenario, the ratio should fall not lower than 8%, while unfavorable – 5.5%. Continue reading

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 new buildings, the construction permit of which was issued after January 1, 2006, the buyer pays VAT of 24% of the value of the object.
for real estate built before 2006, only the tax on transfer of ownership is valid – 3.09% of the value of the object. Continue reading

Property Maintenance in Germany

The cost of maintaining a property in Germany consists of taxes, insurance and utility fees. The average amount varies depending on the federal state: for example, in Bavaria, maintenance of an object is more expensive than in other regions.

The cost of maintaining a property in Germany consists of taxes, insurance and utility fees. The average amount varies depending on the federal state: for example, in Bavaria, maintenance of an object is more expensive than in other regions. Continue reading

Education in Greece
The education system in Greece is divided into three levels: primary, secondary and higher. Each of them consists of two sublevels. A child of any nationality living in the territory…

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“I achieved my goal”: an interview with a Tranio client a year and a half after buying a profitable apartment in Budapest
In 2016, a lawyer from Kiev Roman, with the help of Tranio, bought a profitable apartment in Budapest - he told us about the search and purchase procedure in the…

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Visas, residence and citizenship in Greece
To get a Greek residence permit, it is enough to come to Greece three times. For this suit any type of visa. The whole procedure will take from three to…

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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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