Own­ers of small stores at a dead end

Kathimerini English - - Front Page - NIKOS ROUSSANOGLOU

The own­ers of ground-floor stores in sec­ondary com­mer­cial zones around the cap­i­tal say there is a com­plete lack of rent­ing or buy­ing in­ter­est.

As the pres­i­dent of the prop­erty own­ers’ as­so­ci­a­tion, Stratos Para­dias, says, “many store own­ers ac­tu­ally pre­fer not to evict ten­ants who don’t pay their rent, as they fear that if stores are left empty, the home­less, im­mi­grants or drug ad­dicts would take over the place the very fol­low­ing day.”

Own­ers of base­ment apart­ments in the cen­ter of Athens, mainly in dis­tricts such as Kypseli, Pan­grati, Kato Patis­sia among Vic­to­ria Square, among oth­ers, have the same fears. In the past, it would mainly be eco­nomic im­mi­grants who rented those those prop­er­ties.

Now those prop­er­ties are for sale at prices of 5,000 eu­ros and even lower, but the own­ers still can­not find any buy­ers.

One so­lu­tion for those own­ers is a plan which the state has con­sid­ered, re­gard­ing the con­ces­sion of prop­er­ties to the state by any own­ers with amassed debts to the tax author­i­ties. How­ever, the pro­ceeds of the sale would only serve to cover past, present and fu­ture tax debts to the state, with­out the pay­ment of any cash, and the plan has been shelved time and again. It is un­known when or if it will ever be im­ple­mented.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.