The wave of property transfers continues unabated regardless of the rally that costs proceed to file available in the market. Greeks and foreigners are in search of alternatives to put money into the Greek actual property market, with knowledge exhibiting that from the start of the yr till mid-Could, the AADE on-line platform, MyΠroperty, has obtained 78,702 declarations for the acquisition and sale of actual property.
Of the particular transactions, a tax of 214.44 million euros was paid for 66,011, for 10,264 no tax was paid because it was a purchase order of a primary house which is exempt from switch tax and for two,346 instances of buy of a primary house the purchases gained tax-exemption and over tax-free restrict had been requested to pay a tax which in complete amounted to three million euros.
On the forefront of actual property transfers are gross sales, whereas parental advantages and donations stay on an upward trajectory as a result of excessive tax-free restrict of 800,000 euros.
1000’s of properties are altering arms as figures from the Property Transfers Register reveal the leap in market costs. Within the first quarter of the yr, 14,054 property buy and sale contracts had been signed with a complete worth of 1.16 billion euros.
The Municipality of Athens holds the scepter within the shopping for and promoting of actual property as inside the first 4 months of 2024 2,035 properties modified arms with the costs listed within the contracts shifting in lots of instances above the target values.
House 213 sq.m. of the first flooring in Kolonaki which was inbuilt 1953 was purchased on the value of 1.8 million euros or 8,450 euros per sq. meter when the target worth within the particular space quantities to 4,250 euros. That’s, the actual property was offered at a value twice the target worth. In Exarchia, an condo of 119 sq.m. of the 4th flooring, inbuilt 1967, was offered on the value of 405,000 euros or 3,403 euros per sq. meter, whereas within the space the target worth is about at 2,200 euros/sq.m.
Parking manufactured from “gold”
However the parking areas are additionally breathtaking. The dearth of parking areas, particularly within the neighborhoods of Athens, has despatched parking costs skyrocketing. A parking house of 10 and 11 sq. meters within the coronary heart of Lekanopedi is offered for a mean of 10,000 – 15,000 euros per sq. meter, whereas there aren’t any scarcity of eye-catching instances. A parking house of 11 sq.m. in Kolonaki it was offered on the value of 167,000 euros! One other parking house of 9.90 sq. meters within the Municipality of Athens was transferred for 150,000 euros and one other of 10 sq. meters was offered for 75,000 euros.
Supply: ot.gr
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