Within the summer, the National Economy and Finance Ministry is expected to launch a platform for the submission of applications regarding the acquisition of encroached state land.
Consultancy firms are reporting investment interest that could shape the conditions for a shift from real estate to financial placements in search of the five-year residence permit the Greek state offers for major investments.
At the height of the financial crisis, from 2013 to 2018, there were some 450,000 inheritance rejections, resulting in hundreds of thousands of properties passing on to state ownership.
The Greek housing market seems to prefer older properties, over 20 years old, which are also more affordable in terms of sale prices.
From July, the E9 property tax declaration will be filled in automatically for all cases of donations and parental concessions of real estate carried out through the myPROPERTY platform.
Three years have passed since the last setting of properties’ taxable rates (known as objective values) and already in some districts of the capital, but also in areas popular with tourists, the difference with the commercial sales prices is chaotic.
Furnished rental startup Blueground has joined the unicorn club – companies whose value exceeds 1 billion dollars – its CEO and co-founder tells Kathimerini.
Most aspiring Greek homeowners are finding it increasingly difficult to find a property they can afford.
The government’s decision to expand interventions in the short-term rental market, especially in Athens, seems definitive, following the new statements Prime Minister Kyriakos Mitsotakis made on Wednesday.
The Ministry of National Economy and Finance intends to bring changes to the law on encroached property.
Prime Minister Kyriakos Mitsotakis has indicated potential measures to tighten regulations on short-term rentals, including considering a cap on rental days.
Apartment prices increased by 10.4%, on average, in the first quarter of 2024 on an annual basis.
Last year saw property worth a total of 18 billion euros change hands last year.
One thousand properties will be selected that are mature in terms of their titles but also valuable.
Demand by Greeks for the purchase of property is in decline, linked to the estimates for a slight slowdown in the rate of price growth by 2025, per the latest survey by the Spitogatos.gr network, while interest from abroad keeps growing.
Property buyers wishing to spend 200,000 euros can get only about 80-100 square meters of an old property in specific parts of Athens’ city center and western suburbs.
The president of the Technical Chamber of Greece (TEE) is defending the new building code that notably allows for higher, bigger buildings under certain circumstances.
Twelve municipalities in Greece have advanced to the next phase of property value reassessments by private evaluators under the Ministry of Finance.
The legality of regularizing urban planning violations in common areas of a property without the consent of all co-owners will be examined Saturday by the plenary session of the Council of State, Greece’s highest administrative court.
The investment character that the housing market in Greece has acquired in recent years is consolidating.
The Council of State (CoS), the country’s highest administrative court, has paved the way for mayors to suspend the enforcement of the bonus heights included in the new building regulation.
Athens is now one of the five most expensive cities in Greece to buy a property as regards the purchasing power of Greek households.
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