PROPERTY


In Cyprus 2% of houses are on Airbnb
PROPERTY

A staggering 2% of homes in Cyprus are being utilized as accommodations listed on Airbnb, highlighting concerns about housing availability and regulatory oversight.

Crete mayor freezes fines for illegal buildings
NEWS

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 […]


Deal for school campus on southern Athens’ Elliniko plot flounders
ECONOMY

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.

Tax evasion rampant in property sales
REAL ESTATE TAXATION

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.

Greece at rock bottom in social housing
SOCIETY

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 […]




Realty brought taxes over €3 bln
PROPERTY TAXATION

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.

Dean Metropoulos to buy Kassiopi for €32 mln
NEWS

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.