New property zones rates will apply in Greece as of January 2022.
A new wave of property transfers have been noted, especially in areas where there have been significant hikes.
Property transfers can now take place swiftly via the new online myProperty platform run by Greece’s Independent Authority for Public Revenue. The transfer process no longer requires visits to the tax office and other time-consuming procedures. A transfer can be completed in 15 minutes, according to tax administration officials in Greece.
Transfer applicants no longer need to fill in forms about the payment of taxes nor wait for the calculation of the taxable value of properties.
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The asset transfers can be completed in nine digital steps at the notary offices with notaries filling in declaration forms and submitting these on behalf of buyers.
Real estate agents and notaries expect a busy summer as far as transfers are concerned as taxpayers wishing to avoid additional taxes due to increases in objective values. Increases are expected in 55 per cent of the country’s zones.
