Real Estate Archives - Iason Skouzos - TaxLaw

The factors that will determine the Greek real estate market

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Tue, 23 Sep 2025 09:02:17 +0000

In the Greek real estate market, rents continue their upward trend, inflation in construction materials is running faster than the average index, construction activity is shrinking due to pending issues in the New Building Regulation, and sales prices are reaching new historic highs. Critical parameters include the government’s efforts to stimulate the supply of real estate, the course of interest rates, and the prospect of utilizing more European funds to cover housing needs. Investors are cautious at this stage, as sales prices and construction costs are at their highest level ever, increasing the risk. Below are presented the main parameters,...

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Property transfer Expenses

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Fri, 08 Dec 2023 09:53:45 +0000

The transfer of real estate property involves a series of steps and procedures, which require the assistance of certain persons. The notary plays a primary role, as they coordinate and execute the process in substance, while the engineer conducts the necessary technical inspection and proceeds to the issuance of the required documents. Although not mandatory, the role of the lawyer is considered particularly important, in the case of a real estate purchase, as they assure the buyer of the legal status of the property. The final stage of each transfer is the registration at the competent local cadastral office, something...

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Legal restrictions on the purchase of real estate due to its designation as forest land

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Thu, 06 Jul 2023 09:29:25 +0000

Forests and forest areas in Greece are protected and defined by the provisions of the Constitution and by the current Forest Law, including but not limited to: a) Law 998/79, as amended and in force today, according to the provisions that this law replaced the Decree Law 86/1969 (Forest Code), b) Law 3208 /2003, c) Law 3818/2010, d) Law 3889/2010, e) Law 4280/2014, f) Law 4315/2014, g) Law 4351/2015, h) Law 4389/2016, i) Law 4409/2016 [amendment of No. 45], j) Law 4462/2017, k) Law 4467/2017, l) Law 4483/2017 (Article 142), m) Law 4546/2018 (Article 44) and n) Presidential Decree 32/2016....

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The duration and termination of a lease contract

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Tue, 30 May 2023 07:27:39 +0000

Renting a house may be the most common way of satisfying one’s residence needs, however there are some details lurking in the contract or in the law that both the lessor and the lessee should watch out to avoid any unpleasant disputes. For this reason, some basic principles are set out below, specified on the termination of the lease. The most likely scenario is that the tenants use the leased premises as their main residence. In this case, the provisions of Greek Law 1703/1987 are applied, in conjunction with the articles of the Greek Civil Code. More specifically, the parties...

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Real estate company ownership in Greece : individual ownership VS company – a comparative table

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Fri, 10 Feb 2023 12:30:22 +0000

Legal entity Advantages Disadvantages 1. Income from property is taxed as profit from business activity at the flat tax rate of 22%. Apart from the flat tax rate for the income from property, the further distribution of dividends by the company to the shareholders is taxed as well at the tax rate of 5%. However, in case there are also other sources of income except from the property income, there may be a flexibility in arranging when to receive the dividends and pay the dividend tax. 2. Α legal entity which acquires real estate income in Greece has the...

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Special tax on real estate the treatment of the existence of a trust in the structure

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Thu, 12 Jan 2023 10:16:09 +0000

Greek Special Real Estate Tax (SRET): the implications of a trust in the structure Conceptual elements of the institution of foreign trust – Imposition of Special Real Estate Tax A trust – an institution originating in Anglo-Saxon law – is a special regime for the administration and liquidation of property, which lacks legal personality and is created either by declaration of the owner of the property or by transfer of the property, either during life or by will. The settlor (settlor or trustor) enters into a settlement agreement with the trustee and transfers assets to the trustee, which the trustee...

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Requirements for the exercise of the profession of Real Estate Agent (Greek Law 4072/2012 – Article 198)

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Mon, 21 Nov 2022 12:11:11 +0000

In order to exercise the profession of real estate agent, the following conditions must be met by the person concerned or, in the case of a legal entity, by at least one of the persons representing it, and more specifically: a) He/She must be a Greek citizen or a citizen of a Member State of the European Union or a Member State of the European Economic Area (EEA). The citizen of a third country is required to have a residence and work permit in Greece, or a residence permit for independent economic activity. b) He/She must not have been convicted...

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Municipal Real Estate Tax

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Fri, 04 Mar 2022 09:38:26 +0000

What is the Municipal Real Estate Tax ? The Municipal Real Estate Tax (in Greek “Telos Akinitis Periousias” or TAP) is a municipal obligation, a fixed small amount which is paid to the municipality that the real estate is located. Every real estate owner owes this amount to the Local Authority to which his/her real estate is located. However, in practice these fees are collected by the municipalities through the electricity bills, together with the Municipal Fees and the remaining Municipal Taxes. Real estate ownership is further subject to (national) real estate tax. How is the Municipal Real Estate Tax...

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The procedure of correction of the Initial registrations before the Cadastre Office

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Sun, 05 May 2019 17:05:21 +0000

The properties are registered at the Cadastral Office and receive a special code number (called “KAEK”). Any correction of the initial registrations of the property can be performed easily following the administrative procedure of “obvious error”. the correction of the initial registrations has an expiration date.

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Hellenic Cadastre – FAQs

ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ — Fri, 24 Aug 2018 13:41:50 +0000

According to Law 4512/2018, the company under the name “National Cadastre and Mapping Agency S.A.” is abolished and replaced by a new public entity under the name "Hellenic Cadastre" (“Elliniko Ktimatologio”), based in Athens. The new entity is supervised by the Minister of Environment and Energy.

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