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Well put. If the house, 'valued' by the government at 300k, is actually a '90k' house that will in fact sell for 50k, perhaps it's time to get real, save time a
by pyb 10y ago
Well put. If the house, 'valued' by the government at 300k, is actually a '90k' house that will in fact sell for 50k, perhaps it's time to get real, save time and call it a EUR 50k property from the start. Everything sells for the right price.
As for the issue of finding a buyer, I am hearing rumours that many Greeks have built up sizeable assets, from not paying very much tax in the last few decades. Many areas in Greece are also popular with European buyers.
- muyuu 10y agoYeah, and then the government will still tax the owner for the full self-assessed amount. Even if the full sale doesn't pay for the tax, and then prosecute you for the unpaid tax. This already happens in many places with property inheritance tax in the EU. All across Southern EU the governments are valuing assets as in the peak of the bubble because it suits them.