Greek realty still hit by debt, tax
ly from a significant fall in agriculture production, which was hit hard by the exceptionally bad climate conditions. Other factors were rolling strikes over labor reforms and a fall in tourism activities due to recent attacks. The number of repudiations of real estate property inheritance in Greece has continued to be on rise in recent years due to the debt crisis and the related tax and debt burden, according to a survey published in Sunday’s Kathimerini newspaper. Data gathered from district courts nationwide showed that thousands of Greeks had opted to disclaim their inheritance in the past six years. That was because they were unable to bear the increased taxation of real estate property, to pay off debts inherited from their relatives and to cover the cost of procedures concerning the acceptance of inheritance, the survey showed.