Greece launches useful tool on property prices

Greece has launched a tool offering data on real estate transactions conducted throughout the country via the Finance Ministry.

In a country where disclosure of property transactions is rare, the tool could prove to be useful for investors and market professions looking for information on the course of real estate prices.

The ministry is continually adding data to the service which can be accessed here.

Real estate officials warn that some of the deals have been recorded at unusually low prices, suggesting that this was done to save on taxes but add that other acquisitions have been recorded at actual prices, offering valuable information on the market.

Data on the property transactions, as recorded by the tax office, can be accessed by the public without the identity of the parties involved being disclosed.

The service is available in Greek only.