Since 2010, the Greek government has taken many measures to reduce public debt and budget deficits. They have already brought the first results: according to the IMF estimates, GDP growth in 2017 was 1.8%, and in 2018 it will increase to 2.6%. This is the right moment to invest in Greek real estate: the country’s economy is gradually recovering, and the real estate market has reached the bottom and will soon start to grow.
Against this background, the retail real estate sector comes to life: new players are entering the Greek retail market. In order to minimize risks, investors prefer to choose high-quality objects in the premium locations of Athens. Continue reading
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 that will begin the exchange this year. Based on the results of the last Tranio and Adam Smith Conferences survey, which was attended by 60 private banking specialists, Tranio analysts found out how the amount of capital and the behavior of foreign account holders are related. Continue reading
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 of Greece is obliged to receive primary education and complete the first level of secondary education. In state institutions, training at these levels is free.
Elementary education Continue reading
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.
All property owners in Greece, including foreigners, pay an annual tax, which consists of two parts – the main and additional. Continue reading
When buying a property, it is not always possible to pay immediately, therefore, mortgage lending is often used in transactions. Another important plus of mortgage lending is the ability to significantly increase the area of purchased housing. Mortgage loan is more profitable and more convenient to get in the country where housing is purchased. In Spain, citizens and foreigners can apply for a loan. Continue reading