The government is considering to impose estrictions on short-term rental properties acquired through the “Golden Visa” program.
The government is considering to impose estrictions on short-term rental properties acquired through the “Golden Visa” program.
A staggering 2% of homes in Cyprus are being utilized as accommodations listed on Airbnb, highlighting concerns about housing availability and regulatory oversight.
The Municipality of Iraklio on Crete has of its own accord put a freeze on the imposition of fines for illegal structures in the city. Iraklio Mayor Alexis Kalokairinos said the aim of the decision is to pressure the Environment Ministry to once again allow the legalization of buildings without a permit or with major […]
Greek-American expatriate billionaire businessman and investor Dean Metropoulos has denied any involvement in the acquisition of a 32-million-euro, 44-hectare property in Kassiopi, Corfu.
A deal between Prodea Investments, Lamda Development and Costeas-Geitonas School (CGS) for the construction of a new campus on the former airport plot at Elliniko on the capital’s southern coast appears to be on the rocks, as sources have indicated that Prodea is unlikely to carry on with the plan.
The sanitization of the real estate market and the prevention of the gray economy in construction have been sacrificed to the growing problem of housing and the need to increase investments – at least for the next two years.
When a law abolishing the Workers’ Housing Organization was passed in 2012 as part of a package of stringent austerity measures, Greece gave up the last tool of state intervention in the real estate market. So long as the rate of homeownership remained high, the recession continued to suppress property prices […]
There was a steep increase in the purchase and sale of houses, as well as in sale prices.
A hotel that has sprung up near the former royal estate of Tatoi in northern Athens is on course for demolition.
The tax revenue’s page for filing the Real Estate Declaration Forms (E9) for the year 2024 will not be available on Saturday up to 3 p.m.
The major increase in property transfers recorded in 2022 continued in 2023 too, following years of stagnation due to the pandemic and the energy crisis.
Greek-American expatriate billionaire businessman and investor Dean Metropoulos is expected to acquire a 44-hectare property in Kassiopi on Corfu that formed the first privatization conducted as a result of the Greek debt crisis.
The improved offer by the only candidate for the purchase of the state’s 623,000-square meter property in the Ververonta area near Porto Heli in the Peloponnese was also judged to be too low.
Sales prices of residential property increased last year at an average annual rate of 13.4% throughout the country.
Apartment prices in Greece rose by 13.4% in 2023, compared to an 11.9% rise in 2022, according to data by Bank of Greece published on Tuesday.
Cyprus’ real estate market demonstrated remarkable resilience and flexibility in 2023.