Greek Tax Office Lines Up 69 Property Auctions

Greece’s tax authority will hold 69 tax debt auctions of plots, homes and warehouses from 4 November, targeting debtors who stayed out of state payment plans.

The tax debt auctions run until 17 February 2027, making this one of the largest state auction programs. First bids start at €1,100 for warehouses and reach about €700,000 for a plot with buildings.

Debtors in the firing line turned their backs on the Finance Ministry’s 72-instalment plan, which only 23,000 taxpayers joined. As a result, the Independent Authority for Public Revenue (AADE) is moving against them.

Why tax debt auctions are going ahead

A newer 120-instalment plan now covers debts that fell overdue by the end of 2024. However, it is unclear how many taxpayers will sign up.

Read more: Greece Unveils New Housing Measures to Ease Rent Pressures

Under the Code for the Collection of Public Revenue (KEDE), the tax office can issue an auction program 40 days after it seizes a property. It must do so within four months of the seizure, and then the sale must follow within five months.

Prices listed for the tax debt auctions are starting bids only. In addition, dates can change if a legal suspension applies.

Earlier in October, the Council of State barred first home auctions for public debts where the debtor holds other assets. In September, AADE listed 43 property auctions nationwide.

Homes and land on the list

The list ranges from low-value plots, warehouses and farmland to large houses. Topping it is a 158-square-metre plot with buildings in the Heraklion area of Crete, with a €697,750 starting bid on 16 December.

Also on Crete, a 3,931-square-metre plot with a building at Kandanos, near Chania, goes under the hammer on 11 November. Its starting bid is €595,200.

In Athens, a 160-square-metre property over the third and fourth floors in Akadimia Platonos starts at €321,000 on the same day. Similarly, a 346.85-square-metre plot with an old house in Agia Paraskevi starts at €260,000.

Further north, a 125,115-square-metre farm plot at Nea Gonia in Halkidiki has a €365,000 starting bid. At the same time, a 71.39-square-metre second-floor flat in Panorama, Thessaloniki, goes on offer on 27 January for €290,000.

Bidding for the tax debt auctions takes place online through the e-auction platform. The highest bid above the starting price then wins each property.

Source: Kathimerini

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