Property
Banks ask for auction asset tax exemption
Greek banks are asking for tax reductions and exemptions for the properties they buy at auction, in a bid to reduce the cost of purchase and maintenance of the assets they obtain.
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Riyadh’s Ritz ‘luxury prison’ reopens after graft crackdown
Riyadh’s Ritz-Carlton reopened for business Feb. 11, three months after it became a holding place for princes and ministers detained in the biggest anti-graft purge of the kingdom’s elite in its modern history.
Increased investments in residential real estate in Slovenia, grab your opportunity
In light of the existing and expected revival of the real estate market, and considering the still-inexpensive financing options and positive demographic trends in larger Slovenian cities, a lack of residential unit supply can be expected this year.
South Korean arrested after double murder at luxury Hong Kong hotel
A South Korean has been arrested for the suspected murder of his wife and child on Jan. 14 at the luxury Ritz-Carlton hotel on Hong Kong’s harborfront, officials said.
Chartered surveyors to draw up property rates
Chartered surveyors are undertaking the difficult task of adjusting the property rates used for taxation purposes (known as "objective values") for 2018.
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Power theft on the rise, costing PPC and consumers millions
A bar owner at Kolonaki, central Athens, had his electricity cut off due to high unpaid bills. He was approached by an electrician who offered to reconnect the bar every Friday evening, so the bar could open for the weekend, and disconnect it again every Monday, to avoid detection - all for 800 euros a week.
Athens office lease rates continue positive course
The trend toward an increase in office rental rates in the Greek capital, first noted in the latter half of 2016, was consolidated in the first half of 2017. A recent analysis of the state of the sector in Europe by Savills indicated that the Athens market is continuing its positive course this year.
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Italian Police Use Water Cannon Against Refugees Occupying Rome Square
Police using water cannon and batons have clashed with refugees who had occupied a small Rome square in defiance of an order to leave a building where they had been squatting.
'Urban Mobility Center' Sofia to Rent Three Electric Cars for BGN 48,000
The municipal company "Urban Mobility Center" intends to rent three electric cars for BGN 48,000. The term of the rent is one year, according to the published documentation, a reporter told BGNES.
Although they do not say the main purpose of renting the electric cars, they are likely to be used to promote travel with eco vehicles.
Pressure on debtors is growing
The noose is tightening around state and bank debtors, as the tax administration is getting ready to carry out asset confiscations and repossessions from some 1.6 million taxpayers by the end of the year, while banks are gearing up for a wave of property auctions that will be allowed following notaries' decision to that end.
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