Zionists' greed for buying property in Greece

Hebrew-language media reported that despite tax increases, Israelis continue to buy land and housing in Greece.

The Hebrew media wrote that despite the increase in taxes, Israelis continue to buy land and housing in Greece.

According to the report of Ambassador Arjan, the economic department of the Walla news website admitted that despite the order to increase the tax on the purchase and sale of real estate in Greece for citizens outside the European Union, Israelis are still buying.

The report states: The happy period for the Israelis in Greece is over; The country, which in recent years has become a popular destination for Israelis looking for real estate investments with reasonable prices and good returns, is on the verge of becoming less attractive.

In early September, the Greek Prime Minister announced his intention to increase the property purchase tax for citizens of non-EU countries from 3% to 15% - a fivefold increase.

In his speech announcing this action, he specifically pointed to Israeli investors, along with Chinese and Turkish investors, as those who contributed to the increase in housing prices in this country and made it difficult for Greeks to own a house.

An Israeli who buys an apartment in Athens for 150,000 euros will pay 4,500 euros in purchase tax today, and will pay 22,500 euros after this change.

In the case of an apartment priced at 300,000 euros, the tax will increase from 9,000 to 45,000 euros; That means an increase of 36 thousand euros.

Also, someone who buys a residential property for 800,000 euros will pay 120,000 euros instead of the current 24,000 euros.

These are huge sums of money that can make trades that were considered profitable much less profitable. These calculations do not include additional municipal taxes and other purchase costs.

Previously, it was possible to buy a property in Greece for 250,000 euros and use it to obtain a "golden visa" - which grants a renewable residence permit in this country.

But with the strong entry of foreign investors into the market, the price of apartments went up and as a result, the rent also increased. Greeks, who find it increasingly difficult to find affordable apartments, pressured the government to take the necessary measures.

On September 5th, Greek Prime Minister Mitsotakis presented a plan to increase the purchase tax during the Thessaloniki Economic Forum. The purpose of this action is to curb the demand for apartments from foreign investors and at the same time increase the government's income from the transactions that will continue.

It should be noted that after October 7 and the Al-Aqsa storm operation and subsequent wars, many Zionists fled from (Occupied Palestine) on a large scale and due to the proximity of Greece to the occupied territories, many of them settled there and bought property there to provide the possibility of a quick escape from Israel, and it is said that they continue to do so despite the new policies of the Greek government.