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Athens Macedonian News Agency: News in English, 14-10-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Gov't spokeswoman: Greece is on track to exit from the memorandum
  • [02] 'Source of wealth' report to be applied on property market value

  • [01] Gov't spokeswoman: Greece is on track to exit from the memorandum

    ANA/MPA---Greece is on track to exit the memoranda without having an impact on fiscal figures or increasing the debt and the deficit, government spokeswoman Sofia Voultepsi told ANT1 TV on Monday.

    As for negotiations with the International Monetary Fund (IMF), she kept a low profile.

    "We have to continue with our own programme, which will not be the programme of close monitoring that we have had until now," Voultepsi noted among others and added: "We are not talking about a disorderly situation. We are talking about a situation that meets the needs of the market. We should not send a message abroad and to the markets that Greece is returning to the previous situation. We must not backslide," she said.

    [02] 'Source of wealth' report to be applied on property market value

    ANA/MPA---Property buyers will have to file a "source of wealth" report based on the market and not the objective value – as it was the case up until now - of the property they acquired, according to a legislative provision that the Finance Ministry is expected to table in Parliament.

    Under the amendment, a "source of wealth" report will be filed for the amount paid for the acquisition of property and stated in the contract.

    The "source of wealth" report is now applied on the objective property values which in most cases are higher that the market ones. This means that property buyers are often asked to give a "source of wealth" account for amounts they did not pay. For this reason, the measure is expected to have a positive impact on the real estate market and it will help increase property purchase and sales.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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