Author: Buy2Greece

  • Greek government and tourism professionals meet to boost tourism

    In a meeting organized by the Greece’s Prime Minister Antonis Samaras and representatives of the Association of Greek Tourism Enterprises (SETE) and other tourism professionals the Greek government and the tourism professionals are realizing the importance of tourism for improving the country’s economy.

    The tourism industry will play a vital role in improving the countries tourism so the government has decided to put a greater thrust on this industry. In 2013 Greece welcomed 17.8 million arrivals and registered an all-time record in revenues of 12.5 billion euros.

    Speaking to the press the Greek Tourism Minister Olga Kefalogianni said 2013 was a very good year for Greek tourism and that next year she anticipates an even better season. The initial messages for 2014 are positive and encourage that Greece should expect more revenue and jobs, which will give a boost to the country’s economy.

    E also added that since last year Greece regained its credibility in the global tourism market and changed its image abroad in addition to the great success in terms of arrivals and revenue. He said that the government is laying more emphasis on tourism and is trying to attract investment by enriching tourism products and with new products like medical and religious tourism. He is quite sure that with these positive endeavors Greek tourism will find its place in the global tourism market.

    Greece can see a record year in tourism this year if the political stability is maintained felt the president of the Association of Greek Tourism Enterprises, Andreas Andreadis. In 2014, Mr. Andreadis expects arrivals to surpass 18.5 million, direct revenue to add up to 13 billion euros and 50,000 jobs to be created. He said the main target is for Greece to attract 24 million arrivals by 2021 along with 48 billion euros in total revenue and 300,000 jobs.

    2014 is expected to be a better year for Greek Tourism said president of the Hellenic Chamber of Hotels, Yiorgos Tsakiris if political condition of the country is stable.

    During the meeting, Mr. Tsakiris suggested the further improvement of the Greek tourism product with actions on the standards of medical tourism and the Greek Breakfast initiative. He also underlined the importance of upgrading the country’s hotel services, defining a new development model for tourism and he also stressed the need for further resources to be invested in Greece’s tourism promotion.

    The Labor Minister Yiannis Vroutsis said the increase in tourism in 2014 would boost unemployment while Culture Minister Panos Panagiotopoulos announced the Culture Ministry’s intention to extend the hours of 30 of Greece’s most visited archaeological sites and museums from 8am to 8pm.

  • Greek Tourism Ministry announces tour guide certification courses

    The Greek Tourism Ministry announced on 8 January 2014 that the history and archaeology graduates will now get a “fast learning” program which will provide them with a tour guides certification. This program will start from February 2014 in Thessaloniki.

    The program will be held from 17 February 2014 to 17 April 2014 at the Aristotle University of Thessaloniki (also known as the Aristotelian University or University of Thessaloniki).

    Those interested to participate can submit their applications along with the required documents; however the seats are limited to 40. The applications are to be submitted to the Tourism Ministry by 24 January 2014

    A fee will be charged to those attending the program. The amount will depend on the number of persons attending. Further information on the program may be obtained (in Greek) from the website of the Aristotle University.

     

  • Awareness and Alertness Can Help You Avoid Vacation Rental Scams

    Vacations allow people to relax and enjoy time with family and friends at some attractive places, such as exotic beaches, amazing mountains and any other serene location. Fretting over any sort of vacation rental scam is the last thing you want to experience. However, vacation rental scams are a reality. If you are a gullible customer, please be ware there are lots of websites with enticing offers on vacation properties that can easily make you a victim of scams.

    Most of the scammers follow the basic technique of listing fake advertisements of vacation homes with compelling prices that can catch attention. The photos and description of the property in the advertisements are usually lifted from a legitimate property website. In some cases the address posted in the advertisement may not exist at all. It could also be the address of a property that is not meant to be for rent. Sometimes it may even be a fake rental description invented by the scammers. Such forged advertisements are not only shown in online classified websites like Craigslist or EBay but are also visible on online chat boards, newspapers and fake property websites created intentionally to cheat online visitors.

    Objective of posted scam advertisements on vacation homes   

    The main goal of the fraudsters’ and the fake vacation rental advertisement is to extract an up-front payment from those who are interested in the offer. Furthermore, they can also steal identities by asking the curious visitors to submit personal information through an application form. Everything from the transaction payment gateway to the rental agreement and collecting keys seems legitimate, but once the payment is done, then you will know that it was a scam. Sometimes, you may not know about it until you are on your vacation with your family and visit the given address of the rental.

    Who are mostly targeted?   

    Such scams are mostly used for targeting long-term rentals in college towns or localities well-known for retired people and targets audiences such as parents of college students and others looking to cut down rental expenses. One source of these ads are owners of a property that is about to be foreclosed trying attract ignorant renters who come to know the reality only when it is seized. Another source revolves around homes that have been vacant for months as the real owners stay away.  These are used to target people who are looking for a lease.

    To keep away from such fraud, using common sense and online research is imperative. If a verification process is allowed by the vacation rental companies then go for it. The inquiry can help you become aware of the red flags and stay away from the scammers.

    Some helpful tips to spot and avoid unsavory scammers

    1. If the rental offer is an online advertisement with description and photos, then find out whether the content or photos are copied from some renowned property website. If the search results show some copied content from some other rental descriptions, then put a red flag as it can be a scam. Search engine maps are also helpful as you can find aerial views or even street level images of the property.
    2. Browse vacation rental ads only at listing websites that have track records against phishing or any other scams. However, phishing schemes can steal your personal information through emails, so experts suggest using proper filters to avoid suspicious emails that mostly demonstrate poor English. Relying completely on email communication is not a good idea, as most of the rental scams are carried out through emails. If you want to consider phone calls, don’t overlook suspicious foreign or distant area codes.
    3. Don’t choose debit cards or wire transfers as a payment mode. Instead opt for credit cards as you stop a payment and report the fraudulent transaction.
    4. Ask for proof of ownership from the owner of the property to cross check the information with assessor’s office of the rental location. While dealing with agents, check whether they have authorization to sign the lease on the owner’s behalf. Confirm it with the owner.
    5. Check the credentials of real estate agents by searching in the licensing office of the agent’s state and verify the information with the information provided by the advertiser.

    Posted on January 13, 2014 Suzanne Evans

  • Απευθείας πτήση από Παρίσι για Ζάκυνθο

    Το γαλλικό τουριστικό πρακτορείο Voyamar Aérosun ανακοίνωσε πως από το Μάιο του 2014 εγκαινιάζει για πρώτη φορά απευθείας πτήσεις προς το νησί της Ζακύνθου από τη Λυών, το Παρίσι και τη Μασσαλία.

    Τα δρομολόγια θα πραγματοποιούνται κάθε Παρασκευή από τις 23 Μαίου έως και τις 27 Σεπτεμβρίου ωστόσο περισσότερες λεπτομέρειες θα δοθούν τον επόμενο μήνα.

    Πιθανή αεροπορική εταιρεία που θα εκτελεί τις πτήσεις θα είναι η Air Méditerranée ή και κάποιες άλλες.

    RE+D Magazine
    17-12-2013, 15:03
  • Vikings cruise land extension announced six new European destinations

    Viking Ships today the addition of six more New 2014 Extension guest Vikings enable them to enhance , extend the stay abroad ™ announced the availability of land . The new extension of the Vikings before or after their cruise guests to explore some of Europe’s finest cities , and the Vikings keep the site services allow you to customize a personal journey to step through their interests .

     

    ” Viking is designed to show world travelers a unique and profound way to travel , and to personalize the experience and make the most of this new land extensions to provide additional way ,” Torstein Hagen , Chairman of Viking ships . ” Who ‘s backing , the same warm , personal friendship with local experts to ensure that the Vikings looking for interesting new ways to experience the inner city where they land , our guests , please keep us . ”

     

    Viking ship travel and carefully crafted , this new land options offered by the Vikings guests to customize their experience to suit their interests and add-ons . Pick up a walking tour of the area known as the guests of the extension , which adds high-quality property houses started . Off -site reception and the hotel offers a Viking , to help travelers make the most of their trip to a local host . 2014 new adds :
    In Bruges ( available on the Rhine Getaway 3 nights ) – Conde Nast Traveler recently named one of the most popular cities in Europe , Bruges is the best food in Europe is set in beautiful scenic squares , medieval houses , beautiful bridges and canals , some of the offers .
    * Athens ( 3 nights , elegant LP provided ) – Long Auschwitz , near the city ‘s oldest and largest one to explore the Polish steel screen to hide behind , or the fascinating Viking ‘s Concierge guests salts ground me on a journey to help plan .
    * Nuremberg ( 2 nights , Romantic Danube provided ) – Guests will enjoy a guided tour of historic Nuremberg Castle , and National Museum Germanische Viking ‘s Concierge experience , or to schedule a visit to the nearby Brauhaus most of their time to help guests an authentic German beer away .
    * ( France, Southern France’s most outstanding feature 3 nights ) French Riviera – you glitz and glamor can take a guided tour with a nice beach resort town guests , the beach and relax , or their Viking ‘s Concierge nearby Catholic site of St. Paris , Cannes or Monaco customized by arrangement .
    * Hack ( 2 nights ; Sangma & Windmill shipped ) – Local visits Monet’s great art collections , mondrian and Picasso in The Hague , left to right , then welcome guests for their Viking Vermeer and 17th century Dutch master Rembrandt latter can work organized in length .
    * Lake Geneva ( 3 nights , Rhine Getaway provided ) – Lake Geneva, the guest Montreux approach retirement is one , and the Vikings Swiss Riviera welcome wine tour or a car to enjoy the beautiful scenery of a customized program can provide the Golden Pass panoramic Alpine scenery by train .

  • Greece is in its sixth year of recession

    Buy2Greece.com
    Greece is in its sixth year of recession

     

    Greece GDP UnemplotmentWhen the euro was first introduced in 1999, Greece was left out because of its high budget deficit and inflation. Embarrassed by the isolation, Greece appeared to clean up its act and fix its finances and macroeconomic fundamentals. By January 2001, it was able to adopt the euro as its official currency.In November 2004, however, Greece admitted that it had fudged the figures to gain entry to the eurozone. Since 1999 its budget deficit had never been below the EU limit of 3% of GDP. It was also revealed in early 2010 that Greece had paid Goldman Sachs and other banks to hide the true amount of its debt and borrowing.

    Euro adoption led to a cycle of debt-financed growth and deficit spending. Greek sovereign debt spreads fell, allowing it to borrow cheaply. Access to cheap funds allowed it to continually pump-prime the economy, leading to higher growth.

    The Greek economy expanded by an annual average of 4% from 2000 to 2007, one of the highest rates in the eurozone. With higher growth, government officials rewarded themselves with higher incomes and pensions and generous leave credits and bonuses. The bureaucracy is also bloated and overstaffed.

    In October 2009 Prime Minister George Papandreou took office and revealed that the deficit was much higher than the previous government had claimed. His response? Austerity measures, including slashing salaries and pensions, and increasing taxes, given that around 5 million Greeks (6 out of 10) pay no income tax. These moves were not accepted by the public, but were necessary to obtain the European and International Monetary Fund (IMF) rescue loan packages (worth €110 billion and €130 billion).

    Greece is already on its sixth year of recession. In the first quarter of 2013, the Greek economy contracted by 5.3% from a year earlier, the largest decline in the EU. In Q1 2013, tourism receipts dropped by 3.7% from the previous year. Exports of non-oil goods fell by 6.5% y-o-y in Q1 2013, according to the Bank of Greece.

    The economy is expected to shrink by another 4.2% in 2013.

    In 2012, the country’s budget deficit stood at 6% of GDP, down from a staggering 9.5% of GDP in 2011, 10.5% of GDP in 2010 and 15.8% of GDP in 2009. Greece expects to cut its budget deficit to 4.3% of GDP this year, following debt relief measures imposed by the government.

    Greece’s national debt is projected to reach 175.2% of GDP in 2013, up from about 156.9% of GDP in 2012 and 165.3% of GDP in 2011.

    In 2012 the country’s current account deficit was about 5.3% of GDP, which is expected to improve to 2.8% of GDP in 2013, and 1.7% of GDP in 2014.

    Consumer prices rose by about 1% in 2012 from a year earlier. Greece is expected to experience negative inflation in both 2013 and 2014, of -0.8% and -0.4%, respectively, according to the European Commission.

    Unemployment rose to 26.9% in April 2013, the highest rate since ELSTAT started publishing jobless data in 2006. In 2013, the country’s overall unemployment rate is expected to increase to 27%, from 24.3% in 2012.

  • Income tax is moderate to high in Greece

    Buy2Greece.com

    Rental Income: Rental income is taxed at progressive rates, from 12% to 33%.

    Capital Gains: Capital gains realized from the sale of property held for less than 5 years are taxed at progressive rates, from 12% to 33%.

    Inheritance: Inheritance tax is levied at different rates depending on the relationship between the deceased and the beneficiaries.

    Residents: Residents pay taxes on their worldwide income at progressive rates, from 25% to 42%.

  • Poor rental returns in Athens

    Buy2Greece.com

    Average prices per square metre (sq.m.) of apartments in the centre of Athens have dropped by around 11% during the year to July 2013. This is roughly in line with Bank of Greece’s house price index, wherein apartment prices in Athens dropped by roughly 13% during the year to end Q2 2013.

    In our survey last year, apartments in the centre of Athens cost on average, EUR 3,800 per sq. m. But in our latest survey, the average price per sq. m. is now around EUR 3,300.

    In the suburbs of Athens, i.e., Ekali, Kifisia, Psychiko, Glyfada, the average price per sq. m. of apartments is around EUR 2,600, while houses cost around EUR 3,100 per sq. m.

    Apartments in Crete cost around EUR 1,800 per sq. m. while villas cost around EUR 2,400 per sq. m.

    Monthly rents per sq. m. all throughout Athens range from around EUR 7 to EUR 9 per sq. m.

    In Crete, monthly rents per sq. m. of apartments range from around EUR 4 to EUR 7.

    Gross rental yields from properties in Greece, i.e. the gross return on investment in a property if fully rented out, are very poor, ranging from 2.57% to 4.12%.

  • Greek house price falls continue

    Greece continues to endure double-digit year-on-year house price falls, with the Greek economy facing its sixth year of recession. It is expected to contract by another 4.2% during 2013.

    In Athens, the capital and the country’s largest city, the average price of apartments plunged by 12.6% (-12.6% inflation-adjusted) during the year to end-Q1 2013, according to the Bank of Greece. During the latest quarter, i.e., quarter-on-quarter during Q1 2013, house prices in Athens fell by 2.6% (-0.6% inflation-adjusted).
    Almost all cities experienced house price falls:

    • In Thessaloniki, the second largest city, house prices dropped 8.3% (-8.2% inflation-adjusted) y-o-y in Q1 2013. House prices fell 1.2% during the latest quarter (which means that they rose by 0.9% in inflation-adjusted terms).
    • In “all other cities”, residential property prices plunged 11% (-11% inflation-adjusted) during the year to Q1 2013. Quarter-on-quarter, house prices dropped 2.9% (-0.9% inflation-adjusted).
    • In “all other areas”, house prices fell by 10.9% (-10.9% inflation-adjusted) y-o-y in Q1 2013. In a quarterly basis, house prices dropped 0.7% (+1.4% inflation-adjusted) in Q1 2013.

    Residential property prices in Athens have been falling since 2008, mainly due to the adverse effects of the global economic and financial meltdown.

    • In 2008, residential property prices fell by 0.77% (-3.57% inflation-adjusted)
    • In 2009, house prices fell by 4.21% (-6.04% inflation-adjusted)
    • In 2010, house prices dropped 5.83% (-10.4% inflation-adjusted)
    • In 2011, residential property prices plunged 8% (-10.49% inflation-adjusted)
    • In 2012, house prices plummeted by 13.1% (-14.08% inflation-adjusted)

    Property demand remains depressed. Residential real estate transactions in Greece fell in number, volume, and value.  In the first quarter of 2013, the total number of residential real estate transactions plummeted by 24.5% to 4,976 from the same period last year.

    In May 2013, the total amount of outstanding housing loans in Greece dropped 4.9% to €72.56 billion from the same period last year, according to the Bank of Greece.

    To revive the ailing housing market, the Greek government has recently offered residence to non-EU investors purchasing or renting property worth over €250,000.  The residence plan, which is similar to measures adopted by Hungary, Spain and Portugal, is valid for five years and open to renewal.

    Greece has been granted two successive rescue loan packages since May 2010 by European leaders and the International Monetary Fund (IMF) worth €110 billion and €130 billion, tied to a stiff austerity package. The austerity measures imposed by the government include:

    • Tax increases
    • Spending cuts
    • Privatization of government-controlled corporations
    • Slashing salaries
    • Slashing pensions, especially for high-income retirees
    • Taxing low-income earners. The taxable income threshold would be reduced to EUR5,000 from EUR8,000
    • Placing about 30,000 public workers in labor reserve

    Greece house pricesOther reforms include strengthening laws against rampant tax evasion, liberalizing the labour market and selling state assets.

    Some of the moves were not accepted by the public, and violent protests, rallies, strikeouts took place in key areas.

    In the first quarter of 2013, the Greek economy contracted by 5.3% from a year earlier. The economy is expected to shrink by another 4.2% in 2013. GDP fell by 6.4% in 2012, 7.1% in 2011, 4.9% in 2010, 3.1% in 2009 and 0.2% in 2008.

    source: Analysis of Greece Residential Property Market