Do you want to buy renovation house in Greece? Good news: tax reductions for Greek property owners!
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The Greek government is giving property owners in Greece an incentive to renovate.
Government Spokesman Stelios Petsas said that homeowners who upgrade their property assets will be eligible for a tax reduction of up to 40 per cent. In an interview with SKAI, he said that the tax perk could be offset with other financial obligations, such as the payment of the joint real estate ownership tax (ENFIA).
He said that “the government’s main plan is to provide a reduction of taxes up to 4,000 euros for those who spend 10,000 euros upgrading their property. He stressed that “the budgetary burden should also be taken into account.”
The goal of the new tax perk is to support the construction industry which was significantly affected during the Greek economic crisis.
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Some examples of renovation or investments properties from our portfolio:
- The renovation house in a beautiful mountain village in Mani
- An olive and orange cultivation for sale near the resort of Monemvasia
- The renovation house with bohemian charm, 4200 sqm plot and 115 olive trees
- A family home or a wine bar/rental apartment in the Castle of Monemvasia area
- Can’t find what you’re looking for? Email us!
