Greece’s finance ministry on Wednesday announced objective property tax criteria for the coastal southeast Athens tract of land identified as the “metropolitan pole Helleniko-Aghios Kosmos”, a good portion of which is part of a massive property development and privatization, with square meters valued from a low of 3,250 euros to 8,000 euros.
The objective tax criteria were also calculated by using assessment from private sector evaluators and recommendation by municipal councils
The site hosts the Ellinikon property development owned by ATHEX-listed Lamda Development, billed at a value of eight billion euros, which marks the biggest ever privatizations in Greece.
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