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Greek Real Estate News & Updates
Greek Asset Sales Hampered by Debt Squabble, State Fund Says
02/01/2012
Greece’s effort to raise at least 50 billion euros ($66 billion) by selling or renting state assets is stalling as investors await the outcome of talks over a debt exchange plan.
Italians, Greeks Seek Shelter in Berlin, Germany House Market
01/19/2012
The property rush has made the fortune of Berlin real estate professionals who speak foreign languages.
Greece Plans Tax Cuts for Business and Individuals
01/16/2012
Greece may reduce the tax burden on private individuals and businesses as part of plans for a new national tax system, To Vima said, without citing anyone.
New Greek Taxes Set to Eat Into Incomes
01/02/2012
Finance Ministry eyes additional revenues of 7.3 billion euros, but even more will be needed.
Illegal Greek Buildings Measure Starting to Pick up Steam
12/29/2011
Government initiative to regulate illegal construction appears to be headed for success as recent data released by the Environment Ministry suggest that 339,489 illegal buildings have already been registered with authorities.
Additional Burden on Greek Taxpayers
12/29/2011
More than 2.5 million taxpayers will be affected by the new measures to calculate incomes through property and possessions, detailed in a circular by the Finance Ministry.
Surtax on Greek Property Paid in 5 Tranches via Power Bill
12/20/2011
An extraordinary surtax on real estate for 2012 will be paid by taxpayers in five two-month installments, according to a legislative act published in the Government Gazette.
Economic Uncertainty Hits Greek Property Market
12/13/2011
Ongoing crisis affects real estate values but could also provide opportunities for foreign investors.
Church Planning Massive Vouliagmeni Investment
12/12/2011
The Lemos investment is one of many plans the Church of Greece is putting forward to boost diminishing revenues by utilizing its assets.
Greece Launches Billion-Euro Tender for Old Athens Airport
12/08/2011
Greece launched a multi-billion euro tender on Thursday to attract international investors to one of Europe's biggest real estate projects at the old Athens airport of Hellenikon.
Property Tax Drive Starts With Problems
11/08/2011
Public Power Corporation on Tuesday announced that it has set up a special hotline to deal with hundreds of complaints from consumers around the country who have received larger-than-expected bills for an emergency property tax.
Tips for Buying International Real Estate as Bargains Abound
11/07/2011
Spain, Portugal, Italy and Greece are locales that have had significant price drops, in part because of economic woes, but also because of overbuilding in some cases.
Greek Economy Turmoil Opens Door for London Property Deals
11/04/2011
Property developers and brokers plan to capitalize on an appetite among less wealthy Greeks to move money into the relative safety of London real estate as political and economic uncertainty grips the country.
Latest Qatari Investment in Greek Property Entering Final Stretch
10/17/2011
The sale to private investors of Athens’s former international airport in the southern suburb of Elliniko seems to be entering the final stretch.
Greece Could Use Property as Bond Collateral
10/15/2011
Greece could use state-owned real estate assets as collateral for new bonds to raise more than 100 billion euros ($138.7 billion).
Greeks Bearing Suitcases - Economy Forcing Greeks Out
10/14/2011
Thousands of other Greeks are fleeing their home country, a brain drain their already teetering economy can barely sustain.
Papandreou Wants Greek Church to Pay More Taxes
10/08/2011
Stung by criticism it is exempt from a new property tax being imposed on Greek citizens and has largely escaped the austerity measures imposed on the people, the Greek Orthodox Church is reportedly considering ways to help.
House Transactions in Greece to Fall Short of 50,000 This Year
10/02/2011
Owning a property in Greece is turning into a nightmare for most taxpayers after the successive measures toward taxing real estate, which means demand for houses is dropping to particularly low levels.
Greece Passes New Property Tax, PM Meets in Berlin‏
09/30/2011
Greece must receive an euro 8 billion ($11 billion) rescue loan before mid-October to stave off bankruptcy, a collapse that would send shock waves through financial markets in Europe and the world.
Travel Revenues in Greece Grew by 16.9 percent in July This Year‏
09/30/2011
Travel revenues grew by 16.9 pct in July this year, compared with the same period in 2010, for an increase of 14.2 pct in the January-July period.
Greek Parliament Majority Ratifies Special Real Estate Surcharge
09/29/2011
The amendments on the special tax on real estate and the replacement of the members of the Greek Statistical Authority were ratified by the deputies of the ruling PASOK party, following a rollcall vote at the Parliament Plenum.
Deputy PM Says he Shares Greeks' Property Tax Pain‏
09/28/2011
A deputy prime minister sought to empathize with Greeks facing an unpopular property tax passed by parliament as part of austerity measures, saying on Wednesday he personally did not have the cash to pay and would have to sell real estate.
Greek Debt Crisis Is a Distant Concept to Tourists
09/21/2011
Despite all the gloom surrounding Greece and its battered economy, the sun has been shining on the country’s tourism industry, offering one of the few glimmers of hope for recovery.
Greece's Emergency Tax Levy Includes Foreign Owners
09/19/2011
Thousands of Britons with real estate in Greece have been caught up in the country's debt drama following the government's announcement of a new property tax touted as the only way of plugging a €2bn budget shortfall.
Greek Property Tax a Band-Aid With No Long Term Cure
09/16/2011
A new property tax may pull Greece back from the brink of default by securing desperately needed EU/IMF cash but it also exposes the government's foot-dragging in curing chronic structural ills to exit its debt crisis.
Europe on Sale – Falling Prices for Vacation Homes
09/16/2011
Spain, Portugal, Greece and, to a lesser extent, Italy, all immersed in the European debt crisis, are experiencing second-home property price declines.
Illegal Greek Homes Bill is Finalized
09/02/2011
Environment Minister Giorgos Papaconstantinou on Thursday proposed a series of amendments to a draft bill that allows owners of illegal homes to purchase a demolition amnesty for their properties.
Greek Apartment Prices Fall by 4.5 Percent
08/24/2011
Greek residential apartment prices fell 4.5 percent year-on-year in the second quarter of 2011, driven lower by an economy deep in recession, the central bank said on Wednesday.
Older Greek Properties Gaining Ground Over New Properties
08/23/2011
One dominant characteristic of the floundering real estate market is the growing popularity of older properties.
Real Estate Is a Tough Sell in Greece in Time of Austerity
08/11/2011
There is trouble all over Greece, businesses are failing at an unprecedented rate, unemployment is higher than 16 percent and public disorder is widespread.
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