Greek authorities have launched a broad review of real estate activity, opening inspections into roughly 6,000 property transactions amid concerns over possible violations of tax rules and the source of funds used in purchases. The measures are being carried out by the country’s tax administration as part of a wider effort to tighten oversight of the property market.
Officials say the inspections are focused on transactions where irregularities are suspected, with particular attention placed on verifying where the money for property purchases originated. Authorities are also examining associated bank transfers and payment flows linked to the deals.
The tax service noted that property market activity has been rising, pointing to a 14% increase in revenues from property transfer taxes in the first quarter of the year. According to inspectors, this suggests stronger demand and a higher volume of transactions, which in turn requires closer monitoring.
As part of the checks, buyers are being required to provide detailed documentation on financial sources used in acquisitions. In Greece, cash payments above 500 euros are not permitted, and authorities are actively verifying compliance with this restriction during investigations.
