Greek Property Promotion

Archive for December, 2013

Best photos of the year 2013

Απευθείας πτήση από Παρίσι για Ζάκυνθο

Το γαλλικό τουριστικό πρακτορείο Voyamar Aérosun ανακοίνωσε πως από το Μάιο του 2014 εγκαινιάζει για πρώτη φορά απευθείας πτήσεις προς το νησί της Ζακύνθου από τη Λυών, το Παρίσι και τη Μασσαλία.

Τα δρομολόγια θα πραγματοποιούνται κάθε Παρασκευή από τις 23 Μαίου έως και τις 27 Σεπτεμβρίου ωστόσο περισσότερες λεπτομέρειες θα δοθούν τον επόμενο μήνα.

Πιθανή αεροπορική εταιρεία που θα εκτελεί τις πτήσεις θα είναι η Air Méditerranée ή και κάποιες άλλες.

RE+D Magazine
17-12-2013, 15:03

Vikings cruise land extension announced six new European destinations

Viking Ships today the addition of six more New 2014 Extension guest Vikings enable them to enhance , extend the stay abroad ™ announced the availability of land . The new extension of the Vikings before or after their cruise guests to explore some of Europe’s finest cities , and the Vikings keep the site services allow you to customize a personal journey to step through their interests .


” Viking is designed to show world travelers a unique and profound way to travel , and to personalize the experience and make the most of this new land extensions to provide additional way ,” Torstein Hagen , Chairman of Viking ships . ” Who ‘s backing , the same warm , personal friendship with local experts to ensure that the Vikings looking for interesting new ways to experience the inner city where they land , our guests , please keep us . ”


Viking ship travel and carefully crafted , this new land options offered by the Vikings guests to customize their experience to suit their interests and add-ons . Pick up a walking tour of the area known as the guests of the extension , which adds high-quality property houses started . Off -site reception and the hotel offers a Viking , to help travelers make the most of their trip to a local host . 2014 new adds :
In Bruges ( available on the Rhine Getaway 3 nights ) – Conde Nast Traveler recently named one of the most popular cities in Europe , Bruges is the best food in Europe is set in beautiful scenic squares , medieval houses , beautiful bridges and canals , some of the offers .
* Athens ( 3 nights , elegant LP provided ) – Long Auschwitz , near the city ‘s oldest and largest one to explore the Polish steel screen to hide behind , or the fascinating Viking ‘s Concierge guests salts ground me on a journey to help plan .
* Nuremberg ( 2 nights , Romantic Danube provided ) – Guests will enjoy a guided tour of historic Nuremberg Castle , and National Museum Germanische Viking ‘s Concierge experience , or to schedule a visit to the nearby Brauhaus most of their time to help guests an authentic German beer away .
* ( France, Southern France’s most outstanding feature 3 nights ) French Riviera – you glitz and glamor can take a guided tour with a nice beach resort town guests , the beach and relax , or their Viking ‘s Concierge nearby Catholic site of St. Paris , Cannes or Monaco customized by arrangement .
* Hack ( 2 nights ; Sangma & Windmill shipped ) – Local visits Monet’s great art collections , mondrian and Picasso in The Hague , left to right , then welcome guests for their Viking Vermeer and 17th century Dutch master Rembrandt latter can work organized in length .
* Lake Geneva ( 3 nights , Rhine Getaway provided ) – Lake Geneva, the guest Montreux approach retirement is one , and the Vikings Swiss Riviera welcome wine tour or a car to enjoy the beautiful scenery of a customized program can provide the Golden Pass panoramic Alpine scenery by train .

Greece is in its sixth year of recession
Greece is in its sixth year of recession


Greece GDP UnemplotmentWhen the euro was first introduced in 1999, Greece was left out because of its high budget deficit and inflation. Embarrassed by the isolation, Greece appeared to clean up its act and fix its finances and macroeconomic fundamentals. By January 2001, it was able to adopt the euro as its official currency.In November 2004, however, Greece admitted that it had fudged the figures to gain entry to the eurozone. Since 1999 its budget deficit had never been below the EU limit of 3% of GDP. It was also revealed in early 2010 that Greece had paid Goldman Sachs and other banks to hide the true amount of its debt and borrowing.

Euro adoption led to a cycle of debt-financed growth and deficit spending. Greek sovereign debt spreads fell, allowing it to borrow cheaply. Access to cheap funds allowed it to continually pump-prime the economy, leading to higher growth.

The Greek economy expanded by an annual average of 4% from 2000 to 2007, one of the highest rates in the eurozone. With higher growth, government officials rewarded themselves with higher incomes and pensions and generous leave credits and bonuses. The bureaucracy is also bloated and overstaffed.

In October 2009 Prime Minister George Papandreou took office and revealed that the deficit was much higher than the previous government had claimed. His response? Austerity measures, including slashing salaries and pensions, and increasing taxes, given that around 5 million Greeks (6 out of 10) pay no income tax. These moves were not accepted by the public, but were necessary to obtain the European and International Monetary Fund (IMF) rescue loan packages (worth €110 billion and €130 billion).

Greece is already on its sixth year of recession. In the first quarter of 2013, the Greek economy contracted by 5.3% from a year earlier, the largest decline in the EU. In Q1 2013, tourism receipts dropped by 3.7% from the previous year. Exports of non-oil goods fell by 6.5% y-o-y in Q1 2013, according to the Bank of Greece.

The economy is expected to shrink by another 4.2% in 2013.

In 2012, the country’s budget deficit stood at 6% of GDP, down from a staggering 9.5% of GDP in 2011, 10.5% of GDP in 2010 and 15.8% of GDP in 2009. Greece expects to cut its budget deficit to 4.3% of GDP this year, following debt relief measures imposed by the government.

Greece’s national debt is projected to reach 175.2% of GDP in 2013, up from about 156.9% of GDP in 2012 and 165.3% of GDP in 2011.

In 2012 the country’s current account deficit was about 5.3% of GDP, which is expected to improve to 2.8% of GDP in 2013, and 1.7% of GDP in 2014.

Consumer prices rose by about 1% in 2012 from a year earlier. Greece is expected to experience negative inflation in both 2013 and 2014, of -0.8% and -0.4%, respectively, according to the European Commission.

Unemployment rose to 26.9% in April 2013, the highest rate since ELSTAT started publishing jobless data in 2006. In 2013, the country’s overall unemployment rate is expected to increase to 27%, from 24.3% in 2012.

Income tax is moderate to high in Greece

Rental Income: Rental income is taxed at progressive rates, from 12% to 33%.

Capital Gains: Capital gains realized from the sale of property held for less than 5 years are taxed at progressive rates, from 12% to 33%.

Inheritance: Inheritance tax is levied at different rates depending on the relationship between the deceased and the beneficiaries.

Residents: Residents pay taxes on their worldwide income at progressive rates, from 25% to 42%.

Poor rental returns in Athens

Average prices per square metre (sq.m.) of apartments in the centre of Athens have dropped by around 11% during the year to July 2013. This is roughly in line with Bank of Greece’s house price index, wherein apartment prices in Athens dropped by roughly 13% during the year to end Q2 2013.

In our survey last year, apartments in the centre of Athens cost on average, EUR 3,800 per sq. m. But in our latest survey, the average price per sq. m. is now around EUR 3,300.

In the suburbs of Athens, i.e., Ekali, Kifisia, Psychiko, Glyfada, the average price per sq. m. of apartments is around EUR 2,600, while houses cost around EUR 3,100 per sq. m.

Apartments in Crete cost around EUR 1,800 per sq. m. while villas cost around EUR 2,400 per sq. m.

Monthly rents per sq. m. all throughout Athens range from around EUR 7 to EUR 9 per sq. m.

In Crete, monthly rents per sq. m. of apartments range from around EUR 4 to EUR 7.

Gross rental yields from properties in Greece, i.e. the gross return on investment in a property if fully rented out, are very poor, ranging from 2.57% to 4.12%.

Greek house price falls continue

Greece continues to endure double-digit year-on-year house price falls, with the Greek economy facing its sixth year of recession. It is expected to contract by another 4.2% during 2013.

In Athens, the capital and the country’s largest city, the average price of apartments plunged by 12.6% (-12.6% inflation-adjusted) during the year to end-Q1 2013, according to the Bank of Greece. During the latest quarter, i.e., quarter-on-quarter during Q1 2013, house prices in Athens fell by 2.6% (-0.6% inflation-adjusted).
Almost all cities experienced house price falls:

  • In Thessaloniki, the second largest city, house prices dropped 8.3% (-8.2% inflation-adjusted) y-o-y in Q1 2013. House prices fell 1.2% during the latest quarter (which means that they rose by 0.9% in inflation-adjusted terms).
  • In “all other cities”, residential property prices plunged 11% (-11% inflation-adjusted) during the year to Q1 2013. Quarter-on-quarter, house prices dropped 2.9% (-0.9% inflation-adjusted).
  • In “all other areas”, house prices fell by 10.9% (-10.9% inflation-adjusted) y-o-y in Q1 2013. In a quarterly basis, house prices dropped 0.7% (+1.4% inflation-adjusted) in Q1 2013.

Residential property prices in Athens have been falling since 2008, mainly due to the adverse effects of the global economic and financial meltdown.

  • In 2008, residential property prices fell by 0.77% (-3.57% inflation-adjusted)
  • In 2009, house prices fell by 4.21% (-6.04% inflation-adjusted)
  • In 2010, house prices dropped 5.83% (-10.4% inflation-adjusted)
  • In 2011, residential property prices plunged 8% (-10.49% inflation-adjusted)
  • In 2012, house prices plummeted by 13.1% (-14.08% inflation-adjusted)

Property demand remains depressed. Residential real estate transactions in Greece fell in number, volume, and value.  In the first quarter of 2013, the total number of residential real estate transactions plummeted by 24.5% to 4,976 from the same period last year.

In May 2013, the total amount of outstanding housing loans in Greece dropped 4.9% to €72.56 billion from the same period last year, according to the Bank of Greece.

To revive the ailing housing market, the Greek government has recently offered residence to non-EU investors purchasing or renting property worth over €250,000.  The residence plan, which is similar to measures adopted by Hungary, Spain and Portugal, is valid for five years and open to renewal.

Greece has been granted two successive rescue loan packages since May 2010 by European leaders and the International Monetary Fund (IMF) worth €110 billion and €130 billion, tied to a stiff austerity package. The austerity measures imposed by the government include:

  • Tax increases
  • Spending cuts
  • Privatization of government-controlled corporations
  • Slashing salaries
  • Slashing pensions, especially for high-income retirees
  • Taxing low-income earners. The taxable income threshold would be reduced to EUR5,000 from EUR8,000
  • Placing about 30,000 public workers in labor reserve

Greece house pricesOther reforms include strengthening laws against rampant tax evasion, liberalizing the labour market and selling state assets.

Some of the moves were not accepted by the public, and violent protests, rallies, strikeouts took place in key areas.

In the first quarter of 2013, the Greek economy contracted by 5.3% from a year earlier. The economy is expected to shrink by another 4.2% in 2013. GDP fell by 6.4% in 2012, 7.1% in 2011, 4.9% in 2010, 3.1% in 2009 and 0.2% in 2008.

source: Analysis of Greece Residential Property Market

Real Estate

According to Reuters, now that Dubai has won the bid to host the 2020 World Expo, the result will be billions of dollars of investment in the emirate, although there is a risk of a repeat of the boom-and-bust cycle which nearly caused financial collapse just a few years ago.The emirate nearly defaulted on its debt four years ago after the burst of the real estate bubble which causes property prices to crash over 50 percent between 2008 and 2010.

Οι όροι λειτουργίας τουριστικών επαύλεων και κατοικιών

Υπεγράφη από την υπουργό Τουρισμού κα Όλγα Κεφαλογιάννη η Υπουργική Απόφαση αναφορικά με τους όρους και τις προϋποθέσεις λειτουργίας των τουριστικών επαύλεων (βιλών) και κατοικιών. Η απόφαση αναμένεται να δημοσιευτεί στο ΦΕΚ τις επόμενες ημέρες.

Στην απόφαση περιγράφονται τα δικαιολογητικά για την απλοποιημένη διαδικασία έκδοσης σήματος λειτουργίας, το οποίο όπως ορίζεται από τον Ν. 4179/2013 γίνεται αυτόματα εντός 10ημέρου με υπεύθυνη δήλωση του ιδιοκτήτη και μηχανικού, χωρίς να απαιτείται αυτοψία.

Σύμφωνα με την απόφαση τα δικαιολογητικά που απαιτούνται για τη λειτουργία των τουριστικών επαύλεων είναι:

Αίτηση-υπεύθυνη δήλωση

Τοπογραφικό διάγραμμα οικοπέδου / γηπέδου συντεταγμένο από μηχανικό.

Αντίγραφο οικοδομικής άδειας ή δόμησης

Βεβαίωση καλής λειτουργίας του αποχετευτικού συστήματος

Υπεύθυνη δήλωση του αιτούντος ή εντεταλμένου μηχανικού ότι το κατάλυμα έχει ανεγερθεί και πληροί όλες τις τεχνικές και λειτουργικές προδιαγραφές

Υπεύθυνη δήλωση του αιτούντος ότι είναι ιδιοκτήτης του οικοπέδου / γηπέδου που ορίζεται στο τοπογραφικό διάγραμμα

Απόδειξη κατάθεσης παραβόλου.
Όσον αφορά στις τουριστικές επιπλωμένες κατοικίες τα δικαιολογητικά που απαιτούνται για την έκδοση Ειδικού Σήματος Λειτουργίας, είναι:

Αίτηση-υπεύθυνη δήλωση

Αντίγραφο οικοδομικής άδειας ή άδειας δόμησης

Βεβαίωση καλής λειτουργίας του αποχετευτικού συστήματος

Τοπογραφικό διάγραμμα του οικοπέδου / γηπέδου


Τεχνική έκθεση μηχανικού στην οποία βεβαιώνονται οι υπάρχουσες κατοικίες, οι πλήρεις διαστάσεις αυτών, τα εμβαδά των εσωτερικών χώρων και η δυναμικότητά τους (κλίνες, δωμάτια)

Υπεύθυνες δηλώσεις του αιτούντος ή εντεταλμένου μηχανικού ότι το κατάλυμα έχει ανεγερθεί και πληροί όλες τις τεχνικές και λειτουργικές προδιαγραφές που περιγράφονται στην παρούσα υπουργική απόφαση

Απόφαση Έγκρισης Περιβαλλοντικών όρων (A.E.Π.Ο.) ή ΠρότυπεςΠεριβαλλοντικές Δεσμεύσεις (Π.Π.Δ.), εφόσον απαιτείται απόδειξη κατάθεσης παραβόλου.

Όσον αφορά στις προδιαγραφές αυτοεξυπηρετούμενων καταλυμάτων, μεταξύ άλλων απαιτείται:

Οι τουριστικές επιπλωμένες επαύλεις (βίλες) να έχουν ελάχιστη επιφάνεια 100,00 τ.μ.

Οι τουριστικές επιπλωμένες κατοικίες να έχουν συνολική ελάχιστη επιφάνεια 40,00 τ.μ. (Μονόχωρες) και 60 τ.μ. (δύο κυρίων χώρων και άνω)

Το οικόπεδο/γήπεδο να είναι προσπελάσιμο και να απέχει συγκεκριμένη απόσταση από χώρους Υγειονομικής Ταφής Υπολειμμάτων και λατομεία

Η προσπέλαση στα τουριστικά αυτοεξυπηρετούμενα καταλύματα να γίνεται από δρόμο ή δια δουλείας διόδου.

Τα όποια έργα διαμόρφωσης του περιβάλλοντος χώρου να είναι ολοκληρωμένα.

Ο χώροι των αυτοεξυπηρετούμενων καταλυμάτων να διαθέτουν τον απαραίτητο εξοπλισμό σε έπιπλα και ιματισμό, συμπεριλαμβανομένου του εξοπλισμού κουζίνας και λουτρού.

Στόχος της συγκεκριμένης Υπουργικής Απόφασης είναι να γίνει σαφής, φιλική και απλοποιημένη η διαδικασία έκδοσης σήματος λειτουργίας για τους ιδιοκτήτες και τους επιχειρηματίες αυτοεξυπηρετούμενων καταλυμάτων.

RE+D Magazine
02-12-2013, 14:10