In recent years the Greek authorities have repeatedly raised the stakes in property taxes – and now the Greeks are paying some of the highest taxes on housing in the EU in relation to GDP. Experts note that tax rates impede the restoration of not only residential sector but also the economy as a whole, writes news portal Ekathimerini , citing the latest data of the Statistical Service of the European Commission.
Greece ranks third after France and the UK the ratio of tax rates to GDP in 2015. Homeowners in Greece have to pay about 2.5% for taxes to housing. For example, in Germany the figure is less than 0.5%. This figure is even lower in countries such as Italy, Cyprus, Bulgaria or Turkey.
In its latest economic Bulletin Alpha Bank said the unified property tax (ENFIA) deters investors from investing in the real estate market, sales of which have fallen markedly. It's impeding a recovery of construction activity in the country – as well as higher prices for housing.
However, despite the "heavy burden" of ENFIA tax, his fees will continue to increase. However, experts have expressed concern over the imbalance in tax rates and financial capabilities of taxpayers, which is growing rapidly.
HomesOverseas.ru
.jpeg)