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Property
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EconomyMacroeconomy
Greek apartment prices down 5.8 pct in Q4 2014 The drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent in Q4 2014 from 7 percent in Q3, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Court ruling on property tax levels could hurt future revenues The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to revenues.
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EconomyMacroeconomy
Apartment prices fall at slower rate of 7 pct in Q3 The rate of decline in apartment prices slowed for the fifth straight quarter to 7 percent in Q3 2014 from a revised 7.7 percent in Q2, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Finance Ministry scrambles to correct property tax after error-strewn debut After months of discussions and planning, the launch of the unified real estate property tax (ENFIA) earlier this month foundered on a number of problems, which caused the government embarrassment and left the Finance Ministry with plenty of revision work to do.
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EconomyMacroeconomy Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2 The drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent in Q2 2014 from 8.5 percent in Q1, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter Apartment prices in the Greek market fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014, according to the Bank of Greece (BoG). Although at a slightly decelerating trend over the past four quarters, this is the twenty-first successive negative reading since Q1 2009.
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EconomyMacroeconomy
Apartment prices down 9.2 pct in Q3 as lifting of foreclosure ban mulled Apartment prices in the Greek market fell by 9.2 percent in Q3 at a slightly decelerating pace compared to Q2 performance (-11.8 percent), according to the Bank of Greece (BoG).