New residential development investments, totaling 300 million euros, are expected at Elliniko.
PROPERTY
The Golden Visa program that offers five-year residence permits to non-EU nationals who make sizable investments in Greece has started to show signs of decline.
House price growth in Cyprus showed a slight slowdown in Q1 of 2024.
The sale prices for holiday homes on selected islands of the Cyclades are at their highest in the last decade.
The number of empty lots – properties without buildings – not declared to the national property registry is about 3.3 million, or 22% of the total. Similarly, undeclared built properties, including flats in apartment buildings, exceed 147,000.
The state plans to put up more than 200,000 square meters of land it owns in Attica and another 400,000 sq.m. in other parts of the country land it owns to tenders for the development of social housing.rous
The trajectory of house sale prices in Attica is expected to remain steadily on the rise throughout the second half of the year.
Houses in Kastoria, the cheapest city in the country for buying a property, are sold at a quarter of the price of a residence in the center of Athens.
Consultation on the new zoning plan for tourism is expected to begin soon.
The volume of luxury residential transactions in Greece recorded a string increase in the first half of 2024, according to Sotheby’s International Realty office in the country.
Demand for housing remains strong in Greece, despite the soaring of prices in the last five years.
The Council of State (Cos) on Tuesday put the brakes on new construction licenses for central Athens seeking to exploit the extra square meterage/height bonus granted under the new Building Code, following a challenge by the municipal authority.
A few months ago, the management of the Hellenic Public Properties Company (ETAD) entrusted an employee with the supervision of its short-term leases sector, i.e. the rental of properties in its portfolio for short periods, as in the case of stadiums, events venues and other such assets.
Sales prices for luxury homes in Athens’ northern suburbs are rising faster than in the so-called Athenian Riviera.
House sale prices in Greece posted the third largest increase in the European Union in the first quarter of this year, Eurostat data showed on Thursday.
The state will employ state-of-the art satellite and aerial technology in order to locate illegal buildings throughout Greece.
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