The number of properties listed for sale significantly outweighs those available for rent in areas with substantial housing inventory, data show, indicating a reluctance of homeowners to rent out their properties.
Funds of more than 52 billion euros are to be mobilized in the construction sector (public, private projects and residential property building) in the period 2024-2026.
A new economic reality has emerged in the Greek housing market amid the prolonged financial crisis, with a notable portion of the nation’s residential inventory now under the ownership of institutional or foreign investors.
Nearly half (44%) of more than 200 Greek property market executives who participated in Cerved Property Services’ annual market survey expect further growth in property prices.
The government is finalizing its changes to the Golden Visa program, which will now be addressed to a significantly smaller number of investors. Kathimerini understands there will be several and significant changes.
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 negotiations between the GEK Terna group and investment funds of Arab interests, which are now in the driver’s seat for the acquisition of Terna Energy, are on a good track, Kathimerini understands.
Real estate professionals, foreign investors and homeowners have been concerned in the past few days over the precise changes being planned to the Golden Visa program.