Posts Tagged greece

Greece SEO Workshop in Athens

SEO GREECE – SEO Workshop Athens

read more at : opencoffee.gr: “1st SEO Workshop Athens”

* SEO talk
* Seo for your blog
* A Search Marketing Case study

Time/Date: Starts: 17:30 Friday 3 th of April 2009

Venue: Nixon AThens Greece

Add comment March 31, 2009

Greek Law – Greek real estate and property law part 1

Property prices differ greatly depending on where in Greece an investor chooses to buy – obviously islands like Crete and Corfu are more expensive than real estate located inland on the mainland. It’s fair to say that the more popular the location, the more expensive the property. An investor with a large budget might like to consider the fact that property priced over a certain threshold will attract an additional wealth tax annually for the owner. This threshold and the rate of wealth tax levied changes each fiscal year but is usually between 1 and 2% of the property’s declared value. In Greece it’s usual for the vendor to pay the estate agent’s fees therefore an investor may as well make use of their local knowledge and involve them in the search for suitable property investments. The other assistance an investor should engage is that of a local lawyer with knowledge of land and property law. As title documents and all contracts and paperwork involved in the property buying process will be in Greek, it’s essential to have a local lawyer who can deal with the red tape and translate key pieces of information into English for the real estate investor. Once a suitable investment property or piece of land has been identified it’s usual for the investor to sign a purchase agreement that is conditional to the satisfactory completion of searches and surveys and to pay a deposit of between 10 and 30% of the final property price. As soon as the purchase contract has been signed in front of a notary the investor’s solicitor can carry out title deed searches and ensure that everything is in order with the property being purchased. Once all searches and surveys have been conducted satisfactorily it’s possible to proceed to contract closure and this takes place when the vendor and buyer sign the purchase deed – again in front of a public notary. The additional fees, taxes and charges an investor needs to be aware of when buying investment property in Greece include: – Notary fees of between 1 and 3% of the property’s price. Solicitor’s fees which are usually 1% of the property’s price unless the real estate being bought exceeds a certain upper threshold limit at which point an additional fee will become payable. Greek property purchase tax which ranges from 9 – 11% with an additional 2% chargeable on city based property. Land registration fees which are in the region of 0.3% – 0.45% – and an additional small sum is payable for stamp duty. Annual property taxes of around 0.25% of the property’s value and a yearly community tax is often levied which amounts to 3% of the real estate’s transfer tax. And finally, when a real estate investor decides to resell his property assets and take the money out of Greece he may become liable for capital gains tax which is levied at a rate of between 10 and 25% and which is calculated on a sliding scale based on the length of time the investor has owned the property and the property’s value.

Add comment November 5, 2007

Commerce in Greece

Add comment October 23, 2007


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