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Hahalis & Kounoupis, P.C. - Greek Law Group
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January 2014 Archives

"Good buy Haratsi, Hello Unified!!" - Greek Real Estate Tax Changes - 2014

Adopted by Parliament on December 31, 2013. The tax imposes a tax on real estate be it residential, commercial, vacant, lot or farm. The good news is that the high Greek real estate transfer tax is reduced by 50%-70% or more. You may recall that, while Greece traditionally did not have the real estate taxes we have in the U.S. (i.e. school, county, and local), Greece had a real estate transfer tax that was 8% to 10% on real estate sales (payable by the buyer). ( This is why Greek buyers always try to negotiate a "fake" Greek sales agreement.

Hahalis & Kounoupis, P.C. - Greek Law Group
Phone: 610-628-1336
Toll Free: 877-509-4333
Fax: 610-691-8418

U.S. Offices:
20 East Broad Street 
Bethlehem, PA 18018
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New Jersey
1015 New Durham Road
Edison, NJ 08817
(By appointment only)
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Greece Offices:
18 Valaoritou Street
4th Floor
Athens, 10671
Greece
(By appointment only)
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10 Ermou Street
Thessaloniki, 54625
Greece
(By appointment only)
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Hahalis & Kounoupis, P.C. - Greek Law Group