Paros: Three Impressive Properties for Sale
Paros is the third largest island of the Cyclades and one of the most popular summer holiday destinations. Enjoy your stay with Prosperty! Boasting endless sandy beaches, crystal clear waters and beautiful villages, Paros is one of the Greek islands with the longest season. First visitors arriving in April and the last ones saying goodbye in mid-November. The capital of the island is Parikia, where the picturesque Cycladic houses […]
Upgrade the Purchase and Rental of Real Estate in Greece
New buying and renting experience, less bureaucratic, more digital and more time and cost effective! New data are now shaping the real estate market, as the pandemic has negatively affected the upward trend observed in the last two years in the industry. Since 2018, the market has seemed to recover, mainly due to the interest […]
Digital Services are the Future of Real Estate
This interview given by Antonis Markopoulos, co-founder and CEO of Prosperty to Mary Papakonstantinou of newsit.gr, focuses on the prospects of real estate during coronavirus and development opportunities for startup companies. What are the market gaps that Prosperty fills? Prosperty is an innovative online real estate trading platform that brings transparency to transactions and enhances […]
Calculating Property Tax in Greece?
From 2013 onwards, every owner of real estate in Greece is subject to an annual tax for his property. This tax is called “Uniform Real Estate Property Tax”, or “ENFIA”. The principal tax is calculated based on the location, area, age, floor, number of façades of the building and its use (residential or commercial). ENFIA […]
What’s the process for issuing a Golden Visa in Greece?
The issuance of a residency permit in Greece, through the relative program, can be granted through the acquisition of one or more properties. The minimum amount of investment is set at 250,000 euros, without any other limitation to the permitted amount of investment. According to Enterprise Greece, who is the national organization, under the jurisdiction […]
How to Buy Property in Greece
The procedure to buy a property in Greece can be both time and money consuming, if you’re not aware of the necessary documentation, your rights and your obligations. For that reason, it’s strongly recommended that any potential buyer/investor hires a specialized real estate professional, who will guide you through the whole process, especially if he’s […]
Buying a Retirement Home in Greece
The Benefits of Retiring to Greece! During 2020, the Greek government voted a series of tax benefits, designed to attract foreign investment in the country and boost the real estate market. These benefits are of particular interest to digital “nomads”, or any other citizen interested to relocate and work in Greece, even though his employer […]
Buying a House or Property in Greece
Buying property in Greece is a life-long dream for the majority of locals. As a result, the country has one of the biggest percentage of owner-occupied properties in the EU (72.3% based on the latest Eurostat data). However, over the course of the past few years, buying interest has intensified by people from other countries […]
High Yield investments in Greece
Which investments in property return the highest yields? According to the latest available data from research firm Numbeo (First Half of 2020), renting an apartment in the center of Athens offers a gross annual yield of 4.35%, when the Greek 10-year bond is now trading at levels well below 1% (0.63% as of December of […]
A House Hunting Guide to Athens Neighbourhoods
A quick Guide to Popular Athens Neighbourhoods Athens’ city center and the southern and northern suburbs of the capital are the areas with the highest demand among property investors, or those looking for a house for own use. However, one shouldn’t forget digital “nomads”, i.e. people who are expected to arrive from abroad (Greeks or […]
