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By Niki Kitsantonis
ATHENS — Increasing numbers of affluent Europeans are buying or building luxury properties on the Greek islands, even as the market for top-end holiday homes in other European destinations like Spain and Bulgaria remains stalled, Greek real estate agents say. Post to:      Continue reading Comments (0) 26-06-2009 How do the locals react to foreigners buying/renting properties in GreeceGenerally speaking Greek people are warm and friendly and the concept of filoxenia is happily alive and well. Families tend to build for themselves and do not buy and sell as frequently as in other countries in an effort to climb the property ladder, which means there are plenty of properties to modernize or land on which to build. Additionally, there are no state handouts or accommodation granted for those who are homeless or unemployed, which means no resentment at state funds being allocated to non-Greek persons. In the villages most people are happy the older properties are being renovated and brought back to life.Post to: Comments (0) 10-05-2009 Greece is a member of the European Union, and the country has enjoyed a stable economy for the past decade up to the present. The cost of living is 30% lower compared to other European countries. The Economist has ranked the country 22nd place in the Worldwide Quality-of-Life Index. The World Economic Forum also gave it 42nd place in the Global Competitiveness Report. Despite a few setbacks and accidents, Greece remains to be in good shape as far as economy and politics are concerned.Post to: Continue reading Comments (0) 10-05-2009 Yields from properties in Athens range from 2.5% to 4.2%, significantly lower than 2007 Global Property figures of 5% - 7%.Post to: Continue reading Comments (0) 10-05-2009 INDIVIDUAL TAXATION
Non-residents in Greece are taxed on their Greek-sourced income. Married couples are taxed separately, but some modifications are applicable. Non-residents are allowed to avail of deductions and credits, if they are residents of EU member states, and 90% of their worldwide income is from Greek sources.
Post to: Continue reading Comments (0) 10-05-2009 |
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