Real property law
State to give support to landlords as well as tenants
Next week the Finance Ministry will announce the measures to support the landlords who have lost 40 percent of their rental revenues in March, April and May. Sources say the government is considering covering part of the losses through this year's tax declarations, while in 2021 they will only pay tax for the actual rent collected.
As of May 15, it is possible to leave locality with good reasons, verbal statement and supporting documents
The Minister of Health, Nelu Tataru, declared on Monday that after May 15 it will be possible to leave the locality for well-founded reasons, mentioning that it will be a verbal statement accompanied by documents, for example a property deed.
Government pondering ways to support landlords
The Finance Ministry is considering measures to support property owners forced to contribute toward supporting enterprises and workers through the temporary reduction of their rents by 40 percent. Some of the measures may apply from this year.
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ENFIA cut to vary for landlords
The Finance Ministry is finalizing measures to ease the burden on property owners too, saying the tax discount will not be the same for all landlords affected by the rent discounts, while offering some details about how the Golden Visa program may resume.
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Staikoura touts benefits of up to eight billion euros in liquidity from EU pandemic package for Greece
Finance minister Christos Staikouras welcomed the results of the historic Eurogroup pandemic rescue package which he depicted as a satisfactory but hardly optimal compromise.
Staikouras said that Greece's three main demands were met.
The first is direct liquidity for businesses which will not be laid out through banks.
Landlords set to get ENFIA cut
The government is considering a 25 percent discount on this year's Single Property Tax (ENFIA) dues for owners who will suffer a loss in income following the state's decision to reduce the rents paid by corporations and households suffering directly as a result of the coronavirus restrictions by 40 percent.
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Fair solution
Expanding a measure to reduce the rent that all businesses affected by the new coronavirus and their employees have to pay is a necessary instrument that will provide relief during this period of intense pressure.
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Opposition presents 10-point economic buffer plan
Leftist opposition SYRIZA on Monday presented a 10-point plan to shield the economy from the effects of the coronavirus epidemic, drawing on funds from the cash buffer left over from Greece's bailout, and European Union and European Central Bank resources.
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Short-term property rental market saturated
The number of properties up for short-term lease in Greece has soared from just 130 in 2010 to over 200,000 by the end of 2019, according to a survey by the Center of Planning and Economic Research. Despite the huge changes this surge has brought to the property market, however, the regulatory framework has resisted change and adjustment to reality.
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Minister vows to end criminality in downtown district by end March
Citizen Protection Minister Mihalis Chrysohoidis said the downtown district of Exarchia, where police has been conducting a series of raids to clear squats and arrest drug traffickers, will be "handed back to its residents" by the end of March.