Frequently Asked Questions

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FAQ

What are the differences between market value, assessed value, and sales price?


Market Value: The probable price that a willing buyer would pay to a willing seller in an open real estate market without restrictions or special considerations.

Assessed Value: The value of property on which taxes will be calculated. In Greece this will be as close to "market value" as possible.

Sales Price: The amount actually agreed upon to transfer ownership. This may be greater or lesser than the market and/or assessed values.
(FAQ10542)

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