Real Estate news

VISAS FOR INVESTORS IN GREECE

VISAS FOR INVESTORS IN GREECE

The Greek Government  is planning to grant residence permits to  those who are   going to proceed with a real estate purchase the price of which will exceed the amount of  300.000,00 Euros. This opportunity regards mostly buyers not in the European Zone, as the European buyers do not have problems regarding visas. According to recent information, American, Australian and Rusian citizens are investigating in order to buy real estates, mostly houses  for their vacations  in Greece, especially in the islands, such as  Rhodes, KosSymi ,  and they are at same time interested in staying in Greece for long periods of time.

Notary Deeds and Notary Contracts

Notary Deeds and Notary Contracts

 

Upon the issuance notary deeds after the 1st of January 2013,  

 
by which real estates are transferred for a price or without a price (for donation) or by which in rem rights (rights on property) are created
for individuals, it is not required  for the certificate of the artilce 48 of the Law 3842/2010 to be attached to the contract.  Instead, a 
certified copy of the Assessment Note of the United Tax On Property of the year 2009 in which the property is described,is attached to the
 contract by the notary.

REDUCTION OF PRICES OF REAL ESTATES 4q2012

REDUCTION OF PRICES OF REAL ESTATES 4q2012

 

According to the data given by the credit institutes, (1) the prices of apartments  are estimated to have been reducted down to 13,2 % in the 4th quarter of the year 2012 in comparison to the corresponding quarter of the year 2011 (in comparison to reductions rates of 10,2 % , 10,8% and 12,6% in the 1st, 2nd and 3d quarters correspondingly, according to revised data).  During the whole year 2012 the prices of apartments have been reducted down to 11,7% in comparison to 2011, during which the reduction came down to 5,5,%.

 

Greek Property Tax Declarations

Greek Property Tax Declarations
Greek property tax declarations : From the 1st of January 2014 and hereafter, for the formation, acquisition and any other alteration in the rights of ownership, partial ownership, usufruct, habitation and also in the rights of absolute usage of a parking space , auxiliary area and swimming pool which are situated in a shared part of the real estate and are subsequent to the above property rights, the taxpayer is obliged to submit a declaration of the details of real estate properties within 30 days from the date of the formation, acquisition and any other alteration of the above rights. Specifically, the declaration for the formation, acquisition and any other changes from the 1st of January 2014 until the 31st of May 2014 is submitted until the 30th of June 2014. Specifically, the declarations of details of real estate properties of the year 2014 , that are submitted in order for the property situation that existed on the 1st of January 2014 to be shown, are submitted until the 30th of May 2014.
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