The Ministerial Decisions detailing the application of the VAT suspension measure on real estate for three years were published in the Government Gazette. In particular, the first decision defines the procedure for granting a suspension of VAT, as provided by article 6 of the VAT Code (Law 2859/2000) as supplemented by article 39 of Law…
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The government is planning new cuts to ENFIA by up to 20% in 2020 to relieve property owners who have been paying higher taxes in recent years. The Ministry of economics and development is seeking additional financial space in order to reduce the ENFIA and the solidarity levy by 2020. Finance Minister Christos Staikouras has…
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The real estate market bid farewell in 2019 with a 6,5% rise in house prices and with an average sale price of 1,519 €/sq.m The map of the real estate market is changing, with prices pulling uphill in the suburbs of the capital, Thessaloniki and the big cities, as opposed to downtown Athens, where the…
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The fine of 100 euros for the notaries is retracted. A series of provisions is suspended until 30 June. Aim to thaw the real estate market. Corrective actions regarding the obligations of notaries in the process of drawing up property transfer contracts, with a retrospective lift of the fine of 100 euros in the event…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.