real estate

The Minister of Finances Yannis Stournaras withdrew a controversial article from the real estate tax bill, according to which off-shore companies would enjoy a retroactive tax break for renting property to shipping companies. The change came after SYRIZA MP Panagiotis Lafazanis pointed out that in accordance with the article over 90 million euros in confirmed […]

The new real estate tax bill has caused huge controversy amongst the parties of the opposition, with ANEL officially submitting an objection on grounds that it is unconstitutional. The motion which was rejected was supported by SYRIZA, DIMAR, KKE as well as the independent MPs, including constitutional legal expert Andreas Loverdos. The president of ANEL […]

According to the Research Institute (IME) of the General Confederation of Professionals, Craftsmen and Merchants (GSEVEE), one in three taxpayers fears losing their home due to accumulated debt and additional tax burdens. The IME-GSEVEE study revealed the deep worries regarding the high tax cost and change in the legislation related to primary residence auctions. About […]

The new real estate tax bill has caused great controversy, with farmer associations arranged a nationwide protest and rally at noon on Friday at Syntagma Square. The controversial tax bill, which was designed to expand the tax base and to ensure that a set amount was collected in revenue, will be at the top of […]

The Minister of Growth Kostis Hatzidakis presented the draft of the regulation related to the primary residence auctions. Protection is only available to residences with a maximum value of 200,000 euros, on condition that the annual family income is up to 35,000 euros. Furthermore, the total value of the borrower’s assets must not exceed 270,000. […]

The nationwide federation of real estate owners POMIDA has responded to the government’s real estate tax bill which was submitted in Parliament yesterday and commented that it will bring an end to the middle class, the construction sector and the real estate market. The federation notes that the government’s tax bill is unconstitutional since it […]

After many months of deliberation, “media leaks” and constant revisions, the Ministry of Finances has finally released its ambitious real estate tax bill in Parliament, which is intended to generate 2.63 billion euros of revenue in 2014. The new tax, which replaces a number of previous taxes on property, essentially integrates the controversial emergency tax […]

According to a senior Ministry of Finances officer, the controversial real estate tax bill will be submitted in Parliament today and the government will come to a deal with the troika by next week on the restructuring of EAS, as well as the controversial primary residence auctions band. The anonymous officer explained that the troika […]

The Minister of Finances Yannis Stournaras and his staff are racing against time to address as many issues as possible by the end of next week, starting with a series of critical meetings with the troika heads. The government’s goal is to collect the one billion euro loan installment from July, but must first address […]

The restrained optimism over the progress of the negotiations with the troika amongst government officials of the previous days has given way to skepticism and concern, as creditor demands and unflattering media reports become more prominent. In order to collect a one billion euro loan installment that was due in July, Greece must come to […]