property rights is paid instead
When buying, owning, renting and disposing of real estate in Germany, foreigners pay taxes at the same rates as residents of the country.
After the conclusion of the transaction, the buyer pays a one-time tax on transfer of ownership (Grunderwerbsteuer). Continue reading
The decline in the Greek economy, which began in 2009, is slowing. The IMF predicts GDP growth already this year, and the unemployment rate has been slowly but surely falling for the last couple of years. In a survey conducted by PwC, today’s Greece is called “more modern” and they note interest in Athens by international investors: the Middle East consortium bought Astir Palace Hotel in Athens, businessmen from Qatar and Dubai are planning a project for the redevelopment of the former Ellinikon Airport. Continue reading