annual increase
Property Maintenance in Greece
The maintenance of an apartment in Athens costs on average from 700 to 1.8 thousand euros, villas on the islands – from 1.5 to 15 thousand euros. The main items of expenditure are taxes and utilities.
Taxes
All property owners in Greece, including foreigners, pay an annual tax, which consists of two parts – the main and additional. Continue reading
Property prices in Greece 2017–2018
Greece owns more than 6 thousand islands, but only on 227 of them people live. Rhodes, Lesbos, Corfu, Santorini and Mykonos are the most popular islands among wealthy property buyers.
The cost per square meter in Greece is lower than in most European countries: in many locations the price does not exceed 1 thousand euros. Another argument in favor of Greece is the possibility of obtaining a European residence permit when purchasing an object with a value of 250 thousand euros or more. Continue reading
Golden Visa Effect: How Passport Sales Impacted European Property Markets
The 2008 crisis hit most European real estate markets. One of the measures that a number of countries resorted to in an attempt to support the flow of investment was the “golden visa” program, under which governments issued passports and a residence permit in exchange for the purchase of real estate. Continue reading
