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The Impact of the Program “Spiti Mou 2” on Real Estate Prices in Thessaloniki

The government’s “SPITI MOU 2” policy has been a significant turning point in the Greek real estate market, especially in major cities like Thessaloniki. The initiative, which the Ministry of National Economy and Finance started, offers advantageous financing terms to assist young people in purchasing their first property. However, the program has brought about significant…

Greece Implements Ban on Cash Payments in Property Deals, with Exceptions for Pre-Established Agreements

Violators face strict consequences, including fines amounting to 10% of the transaction value if payments are not properly verified. A new rule in Greece, effective December 11, requires all property-related financial transactions to be conducted exclusively through banking methods, effectively eliminating cash payments from this process. While the regulation is stringent, it includes specific exceptions…