For a young couple looking for a 50 to 70 square meter home, the rental price is about the same as the base salary. The cost of renting property in the Greek capital has skyrocketed, and young men and women are faced with a choice: either live alone, barely making ends meet, or postpone “disconnecting […]
Tag: Rental Property
How to avoid tax on unpaid rent
New tax returns allow property owners to avoid paying tax on unpaid rent subject to the established procedure. Subscribe to read the article and get full access to other restricted materials. I’m already a subscriber. 1 day 1€/1 day Subscribe 1 month 3€/1 month Subscribe 1 year 12€/1 year Subscribe Frequently asked Questions When can […]
"Dollhouse": demand "mini-accommodation" has grown significantly. However, like prices
The large-scale renovation of the housing stock registered since last year in Greece, as well as short-term rentals by Airbnb, have led to an increase in rental prices for apartments up to 60 m2 and in the larger category from 70 to 110 m2 by about 20%. This fact makes living in Athens, Thessaloniki and […]
Rising rents and skyrocketing inflation plunge Greeks into poverty
Rising rents are another factor affecting the financial situation of Greek city dwellers, along with rampant inflation, especially rising energy and food prices. According to a survey conducted among just over 1,000 respondents by the research and communications firm About People , almost half (47.8%) individual tenants are either having difficulty paying their rent or […]
Four big problems of Athens
A professor at the London School of Economics speaks to the Greek publication Kathimerini about the results of a two-year research project on the present and future of the Greek capital. Athens is a complex city. On the one hand, it is densely built up, with very little green space and the largest number of […]
75% of real estate in Greece is purchased for cash
Three-quarters of real estate purchases in 2021 are made at the expense of buyers, without recourse to a bank loan, said Kyriakos Kampourisfounder and CEO of IMS, in the context of the recent Premium Real Estate Forum. Number of houses sold in 2021 in Greeceis estimated at just over 40,000, based on the estimates of […]
Real estate: the most expensive areas to buy and rent in Athens and Thessaloniki
The dynamics of real estate prices for buying and renting in the first quarter of 2022 is reflected by the Spitogatos (SPI) platform. The most expensive areas to buy and rent a house in Athens are located mainly in the southern suburbs and in some parts of the center of Athens. lifo.gr. In particular, the […]
Apartment scammer: rents out housing, receives an advance and disappears
Greek law enforcement has received more than 20 complaints about an enterprising scammer who rents houses to workers for the season, issues fake keys, and then disappears after receiving the appropriate advance. “Scammers via the Internet, by posting photos of a house (apartment), are baiting naive citizens. Interested in the offer of rent, people meet […]
Airbnb New Years Eve Party May End Badly
After the announcement of the new measures, which, in fact, began to take effect from yesterday, Thursday 30/12, disappointed with the situation with the ongoing pandemic and the punitive actions of the government, thousands of people rushed to book “at least something” at the last moment to spend New Year’s Eve with friends and family. […]
Poll: Most Greeks Are Homeowners, Not Tenants
According to data for 2020 released yesterday by Eurostat, more than 75% of Greeks lived in their own housing, while the European average was 70%, and the remaining 30% lived in rented housing. According to Eurostat, the highest share of ownership was observed in Romania, where 96% of the population lived in their own household, […]
Real estate: 20 districts in which rents have grown exponentially
Rents are rising alarmingly high, in line with asking prices for properties in major urban centers such as Athens and Thessaloniki. According to the data provided by iefimerida.gr, the growth in rental and sales prices is much higher than the growth in wages and disposable income of citizens. It is significant that even if an […]
Ghost hotel … for rent
A posh hotel that was once full of life, where great personalities and dignitaries stayed, the “cream of society” from Kifissia, Kefalari and Ekali, is now an abandoned building. The Grand Chalet Hotel faced a very sad fate, and it was closed after the “physical elimination” of its owner. The mysterious assassination attempt on the […]