Perhaps we are the only country which does not provide true real estate prices. This paradox results from the fact that taxes here are too high, so people are looking for various loopholes to avoid tax burdens. To end this, the government should significantly reduce the direct and indirect taxes, so the the Greek buyers stops to present false assessments of the property values. Even banks have found a legal way to support these practices, by granting loans higher than the tax value on the pretext that the client (purchaser of property) must make repairs to the new housing, while in fact the money goes to cover its market value.
What according to you should be done in the worst case, to rehabilitate the Greek economy?
To return to the drachma. In the worst case, it is better to return to the drachma instead of taking the pressure from Europe and the International Monetary Fund, which will bring us nothing else but a long term recession, reduction of our income, increase of the interest on our bonds and the daily impoverishment of the Greeks. I believe that if we go back to the drachma our home economy will improve, we will recover faster and we will not have to take the hits of Europe.
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