@@gerassimos.fourlanos yes... But it can change if the government changes the law and starts to enforce it.

@@frunzevaleria8167 Τhey always follow a piecemeal approach; they may resolve a serious issue in the 11th hour, but all the rest may even deterriorate, at the end it all becomes a patchwork of terrible regulations spread here and there, and no real reform is in sight. If Greece did not have such terrible laws and such terrible bureaucracy it would have been a very different story alltogether...

@@Roberto41-s7y thank you very much.

@@Roberto41-s7y your welcome

@@alexplore92 Depends what is the purpose? Do you want to stay there and have it as your primary home? Do you want to keep it as a holiday house and use it seasonal and the rest of the time rent it, if you rent it do you want to do long term rental or short term rental?. I need to understand what exactly is your question in order to advise you

@@frunzevaleria8167 The house belonged to my Yiayia's family, her father had it built in 1926, nobody has lived there in decades since they have all passed away. My aunt and my Yiayia hired a Greek lawyer around 2018 to secure the property and have it Registered so that our family would retain ownership. I have many cousins, but nobody has any interest in staying there ever. I would want to go there seasonally, restore the house to liveable condition. It is already in good condition but of course the utilities havent been used in a long time so it would need work. I have no interest in renting it out when im not there, it would just stay vacant. Thakn you for writing back to me as this is very meaningful for me to understand.

@@frunzevaleria8167 My Yiayia and aunt hired a Greek lawyer to have the property registered a few years ago, to secure it from being claimed as an abandoned property. It hasnt been lived in for a long time, but the house still is in good condition. It was my Yiayias fathers family's house. I would want to stay there seasonally, fix it up, and would not rent it out. I have many cousins in the US and none of them are interested in the house.

@@alexplore92 we can look at it and advise you accordingly. +447456414105 you can send me information on WhatsApp. Text only ( no voice messages or calls) please.

@@raven93708 yes we have some apartments. You can also find available apartments on rental groups on fbook or spitogatos website

Yes it is very important to find a qualified specialist and as well to educate yourself so you are on the top of the things. I am sorry to hear about your loss, I hope you are happy with your apartment in Athens.

@@ToTo-od9wz dear Toto would you like to give me an interview about your experience in Athens? And share the bad and good about it. I think it will be very beneficial for foraging investors to know all the truth and the goods and bads about the real estate market in Athens.

@@valentinvicol7737 thanks

Beautiful! I am definitely coming!✨

@@ToTo-od9wz if you're referring to the agents, trust me, they work hard as the sellers are useless and many times the agents are helping them to prepare the documents and organise it.

@@stefaniasironi5426 [email protected]

Thank you very much. I am very happy that it helped

@@WhoWhoandZulu I am often in the area dealing with the apartments.

@@nikthegreek2112 I live in London and I am walking in London on Edware rd. So I know the ghetto in London. The drugs in Athens are supplied by a charity and the food as well. And yes the police will not do anything as the government doesn't allow it.

@@frunzevaleria8167 Edgware Road is lovely!

That's a rich area !!!

@@EnterTainment-vv1qs we don't sell, we buy on the behalf of our clients to renovate and rent.

@@marijanasimic2664 if is private entity, you can't deduct expenses. Only if you're self employed or you have a company. Self employed (atomiki epihirisi) Company ( it has Ike and some other options)

@@marijanasimic2664 the 13% vat is for 3 flats and more. If you have one or 2 you don't pay 13 % vat

@@frunzevaleria8167 I got it, thanks👍 In US is different. You can deduct expenses from any income property no matter if it’s in your own or company name

@@frunzevaleria8167 Thank you so much for the clarification 👍

Yearly you pay per SQM and each area is different. And also rental income tax if you are renting the property

@@Enapoulaki block of flats is always best as you have control and there is no crazy naibours. And obviously you have prime value. About the tax your lawyer would tell you. Because each property has 2 different prices 1st market price 2nd government valuation tax. When you buy it you pay the purchase tax for the higher amount... For The building always note that the staircase and hallway is 20% of the building and we don't consider the basement when we do our calculations.

@@frunzevaleria8167 Thanks for your reply, yes it's preferable to have control over the whole building, Yes there are the various complicated property property tax factors and of two taxes on and after purchase, one for purchase price and later one for the cadastral value which could even end up being more on occasion I believe? Is that common? This is worrisome. Hopefully Greece's future includes more transparency in the real estate market regarding the history of a property. Also in regards to the flipping of only two properties, what's the time line on that or is it per person?

@@Enapoulakicentre still has opportunities

@@frunzevaleria8167 thank you, yes I can see that here and there. The problem is the extremely low rents as in Greece the wages are generally stuck in the 80/90's. Perhaps this is because taxes are so high in higher brackets that there's no inspiration to make more. Unfortunately the people of Greece seem to make in a month what some counterparts in the US make a week. So rents can't improve for the owners. Also is it possible to create a company for few rentals/a whole building? So as to claim all expenses? Thanks ahead of time for your reply, loving your channel!

@@Enapoulaki we run hundreds of apartments, we don't have greek tenants. There is another market Tu saturate .

@@georgegeorgakopoulos5956 well I don't see anything free in Greece. We pay prime for everything. And full on the taxes as well.

At the moment luxury areas like Riviera, kolonaki and kifisea will be 3-5 %. Greek residential areas like Pangrati , neos Cosmos, kalithea will give you 5-8 %. Ghetto areas like Kypseli, victoria, metaxurgio 6-10 % if you run them properly.

@@rabihdib you should not go for less than 8% net. It will balance in the centre. Riviera covers a different market.

Well in the UK you will pay a layer. And stamp duty etc

lol ...Like # 1 ...Z