Street retail in Athens: focus on the center and prosperous suburbs
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…

Continue reading →

Best cities for investment: where to buy real estate in 2018
Most investors in overseas property choose one of two strategies: they buy the property at a low price and sell it in 1-2 years or invest in a steadily growing…

Continue reading →

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…

Continue reading →

number of factors

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 the main growth drivers is the tourism sector. According to research firm Euromonitor International, today Athens is the second city in Europe in terms of the growth rate of tourists (the first is Greek Heraklion): in 2017 almost 5 million people visited the capital of Greece, 10% more than in 2016. Athens International Airport accepted in 2017, 14.4 million foreign passengers – 12% more than a year ago. 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

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…

...

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…

...

Expansion history: how Airbnb is changing the global real estate market
The idea of ​​Airbnb was born in 2007: then in San Francisco the recent graduates of the Rhode Island Design School, Brian Cesky and Joe Gebbia, had nothing to pay…

...

4 reasons to buy an apartment in Greece
48% of respondents consider the prospects for investment in the Greek real estate market in the next five years to be good or excellent - a survey by NAI Hellas…

...