All systems are go go go again for property sales in Greece!!! There has never been a better time for you to invest in your dream holiday home in Halkidiki.
The news this week is that the Greek government have clarified the property tax law and all sales and purchases are able to complete again.
In January 2014 all contracts for the purchase a property in Greece stopped due to ambiguous changes in property tax regulations.
Now the purchase property tax has been reduced from 10% to 3%!
Property tax or 'foros iperaxias' has been revised so that now the seller pays tax on profit made over and above the initial purchase or building price of the property. In turn the buyer now pays a set reduced rate of 3%. These changes share property taxation more fairly between the buyer and seller.
The aim of this new legislation is to promote the property market in Greece and attract foreign investors. There really has never been a better time to buy a dream Property in Greece!
We trust that the new tax laws will boost the property market in Greece and in turn the Greek Economy by restoring the confidence of both buyers and sellers.
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