Property sales keep growing

Property transfers increased by 20% in the first half of 2024 compared to the same period last year, despite the rapid growth in prices.

Data from the Independent Authority for Public Revenue (AADE) show that in the period from January to June state revenues from realty transfers amounted to 302.49 million euros, against €252.98 million in the first half of 2023.

The first place in transfers is held by the Municipality of Athens, where 3,419 real estate sales took place, per the data posted by the notaries at the Registry of Real Estate Transfers.

According to the figures from the tax administration, there was a small drop in state revenues during May and June, a development that also shows a corresponding decrease in transfers. The new measures, however, announced by the government may stimulate buying and selling in combination with the re-freezing of value...