Thousands of homeowners with properties near or inside forested/protected areas face hefty fines as of Monday if they have not complied with new fire protection measures.
PROPERTY
Dozens of buildings around Athens’ Omonia Square have hundreds of empty offices.
Island municipalities issued the largest number of new building permits in 2023, with the top five comprising Lefkada and Zakynthos in the Ionian, Paros and Naxos in the Cyclades, and the Dodecanese island of Rhodes.
Short-term rental accommodation in Greece is showing diametrically opposite trends at the moment.
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.
The Independent Authority for Public Revenue (AADE) is tracing the money trail for thousands of properties that were either bought in full with cash or part of the price was paid in cash. At the same time, the target is 2,500 real estate cases with a year-end statute of limitations.
It was a networking lunch at a modern taverna in the downtown Athens district of Kolonos, bringing together a building contractor, two buyers, an architect, a journalist and an intermediary, from Lebanon, Syria and Sweden, while also including two Greeks.
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 Finance Ministry presented on Thursday changes to the Golden Visa program increasing the minimum amount a third national needs to invest and secure the residence permit, in an effort to tackle the country’s housing crisis.
Based on safety, access to public transport, parking, shopping and entertainment options, parks and schools, as well as pedestrian and pet friendliness, the best areas of Athens to live in are Kato Glyfada, Nea Smyrni, Kalamaki, Ano Ilioupoli, Kolonaki, the Hilton area, Argyroupoli, Pangrati, Ano Glyfada and Vrilissia.
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.
The government is considering to impose restrictions 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.
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