Compulsory Acquisition of Greek real estate Land – Tax Exemption Rules

Compulsory acquisition is the government’s power to seize the private rights in land without the permission of its occupant or owner. The process is done by the government for the purpose of society benefit. Many times, this power is mandatory for economic as well as social development. Moreover, it is also important for the safety of the natural environment.

On the one hand, it requires checking out the balance between the public requirement for land, and the land tenure security’s provision. On the other, it required finding the balance between the safeties of privately owned Greek real estate rights.

It is instinctively deleterious. When compensation is lavish and the process is normally efficient and fair, the folks’ displacement from established communities, businesses and homes may still involve the valuable human prices.

The compulsory acquisition of land

It is a well known fact that compulsory acquisition of land is a critical issue. Today it is growing fast in the field of rapid changes as well as growth in land use. Now a day, the Governments have pressure to provide public services because of growing as well as high demand for houses for sale Cyprus.

From the outlook of economic actors and government, the process’s inefficient and conflictual aspects are noticed as a constraint to rational development as well as economic growth! There are many houses for sale in Greece Athens.

Where the procedure is implemented or formulated in a poor manner, the political, social as well as economic costs can be immeasurable. If a government’s activity of compulsory acquisition is to be legitimate, fair and effective, then the compulsory acquisition’s process plays a vital role.