x

Economy

Greek Gov’t Presents New Property Prices

ATHENS — Greek Finance Minister Christos Staikouras on Monday presented the map of the new real estate objective prices, designed to cover 98% of all regions in the country from 85% until now.

Presenting the map, Staikouras reassured that the new prices will not burden the middle class and the vast majority of real estate owners, adding that the objective was the new prices to converge with commercial prices, to correct injusticies and gaps and to expand the tax base through a more fair distribution of a special property tax.

The Greek FinMin announced a restructuring of the special property tax ENFIA in the coming months to absorb the impact of rising objective prices on real estate assets and announced new reduction in property taxes based on commitments made by the government.

"Higher objective prices will not mean higher property taxes. Owners should not be worried. We are consistent to our commitments for reduction in property taxes. The total burden of real estate assets will remain at the same levels," Staikouras said, adding that a new reduced ENFIA property tax, to be valid in 2022, will be announced in the coming months and that it would be paid in more tranches.

The ministry will also launched a digital platform soon offering information to all property owners over the map of objective prices.

The new map includres 13,808 regions of which 3,643 new. The average increase for new property price zones is 8%. Objective prices will rise by an average 19.5% for the 55% of total zones, prices will fall by an average 14.76% for 21% of total zones and prices will remain unchanged for 24% of all zones.

RELATED

ATHENS - With the economy accelerating, Greece plans to make an early repayment of 8 billion euros ($8.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

ATHENS – Acknowledging disappointing results in the European Parliament elections for New Democracy, Prime Minister Kyriakos Mitsotakis said there won’t be early elections in Greece and dismissed any idea of taking New Democracy further right.

NEW YORK – This year, Leros New York is the standout team in the Premier Division of the Long Island Soccer Football League (LISFL) – and beyond.

ROME - There were multiple triumphs for Greece this week at at the European Athletics Championships in Rome.

LAUSANNE, Switzerland (AP) — The Spanish team for men's soccer at the Paris Olympics got permission Thursday from the IOC to select two players who previously played for other countries.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.