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
