GoldGreece is not just another Greek real estate agent.
Most agents in Greece, are aware of certain markets (regions), but their knowledge is limited to the property transfer and are not capable of providing a piece of advice, concerning the advantages and drawbacks which accompany a property purchase.
From the other hand, we do understand that potential investors are interested to know what a property acquisition would mean in terms of added value creation, tax burdens and maintenance costs. GoldGreece is powered by TaxExperts, a boutique Financial and Tax consulting firm, so a team of experts have the required knowledge and experience to facilitate your dream in all stages.
More analytically, the services provided to high net worth individuals and companies are:
1. Property Selection
Identifying buying opportunities could be very tricky. Is Glyfada a better value for money than Vouliagmeni ? Is Mykonos still overvalued ? Will Crete appreciate more than Corfu ? Why I shouldn’t buy an amazing cheap apartment in a small island ?
The region selection is a quite complicated case, as there are developing areas expected to offer greater returns than the real estate market in the near future (Peloponnese Peninsula, Cephalonia, Crete, even regions in the center of Athens) and prestigious areas (Vouliagmeni, Kifisia, Mykonos, Rhodes) which maintain and increase their value over time.
The residence type is also of much importance. Apartments ‘get older’ and lose their value much faster than country villas and detached houses. In addition, villas offer a great number of facilities such as playroom, pool, garden, which beautify your holidays or your stay in general.
Our team of experts can provide you with useful advice during the property selection, in accordance with your needs, your budget available and the time horizon of the investment.
The correct valuation and the determination of the property’s ‘fair’ price comprise key points before a purchase. Quantitative and qualitative factors are taken under consideration during pricing. The building’s and plot’s size are the main quantitative variables, while the region, the distance of means of transport, the existence or not of a fireplace or a pool are some of the most significant qualitative variables.
Moreover, the income that can be produced by property as well as the necessary maintenance cost should be taken into account during valuation.
Our executives may compose an opinion of value for a property you already own or for a property you admire to acquire, based on specific property’s characteristics and comparable transactions that took place in area concerned.
3. Tax planning
Times said that “Greece is an investment hell”. We just say that they should have employed the TaxExperts.
It is true that the Greek legal framework governing properties and taxation is really confusing, because several Laws refer to almost the same things and the Laws are modified continuously.
However, Greek bureaucracy can be easily stepped aside with TaxExperts. We undertake:
a) The calculation of all conveyance and acquisition costs,
b) The calculation of all annual taxes and assessment of the payable municipality fees in advance,
c) The arrangement of all paperwork during the asset acquisition (notaries, contract, Tax Authorities, registration in National Cadastre etc)
d) The maintenance of the legal and tax status of your property
The above services can be also provided to companies plus:
a) The calculation of amortization and depreciation for own commercial buildings and the relative tax saving,
b) The composition of reports to ensure the most beneficial choice between buying and renting a commercial property,
c) The communication with Greek banks for a loan approval, the calculation of periodic installments and the relative tax saving due to interest payments.
TaxExperts Financial Due Diligence Services ensure that an investment plan has been properly set up and that the decisions will are solidly based on economic and financial criteria.
4. Legal Due Diligence
TaxExperts has an established in-house legal department which is capable to proceed with the legal inspection of the asset. All the necessary paperwork in the public services and the notary can be undertaken by our legal division in order to acquire your admirable property without fatigue and stress.
In addition, our Legal Services’ experience in corporate and commercial matters includes company formation and structuring, mergers and acquisitions – including share and asset sales and acquisitions, – private equity management advice, financing and refinancing, data management, as well as competition law.
For more information regarding our company please visit www.TaxExperts.eu