To attract investment and achieve compliance, today’s real estate firms need a sound operating framework that provides insight on the Greek property taxes and transaction-fees structure. According to ARENCORES, a firm’s investment and property portfolio management has a critical role in the day-to-day activity, performance, sourcing, business development and search for valuable assets. In Greece, tax collection performance lags behind the European average, while complexity and ineffectiveness are posing obstacles to fiscal consolidation. The Greek property taxes structure is characterised by high tax rates which do not result in the anticipated revenue. At the same time, while total annual tax revenues remain fairly stable the tax parameters are constantly changing, leading to a number of peculiarities.
Moreover, with a robust infrastructure, real estate firms can operate beyond reproach in the eyes of investors and shareholders, and show they hold sound investment opportunities. Through transparency, compliant operations, and accurate reliable data, they do manage risk and decide wisely on asset investments. And above all they have the ability to achieve the desired all-important, higher Return of Investment.
Property Taxes Highlights (2020 Updates)
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