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New Report Reveals Decline in Income from Rental Properties in Greece

The Greek economy's deterioration since the crisis broke out has been well documented through the figures that are released. Among the various revenue streams...

Greek-Cypriots Buy and Sell Properties in Occupied Areas

Greek-Cypriots are currently buying and selling properties in the occupied areas of Cyprus at prices higher that the ones set by the Turkish-Cypriot Immovable Property...

Increasing Foreign Interest in Greek Island Properties

Foreign investors and buyers are frantically searching for properties on the Greek islands of Santorini and Mykonos, driving the demand to an all-time high....

250,000 Unsold Properties in Greece's Crisis-hit Real Estate Market

For decades the Greek banks and the real estate market were operating as communicating vessels, with the former granting long-term mortgage loans to satisfy the...

Greek Culture Ministry Rents its Properties for Peanuts While Paying Rent for its Offices

The Greek Culture Ministry owns a number of buildings in Athens, but due to mismanagement, ends up paying rent to house its offices, while renting...

Properties Belonging to Known Greek Businessmen Auctioned by the State

The website of the General Secretary of Public Revenues is packed with properties belonging to known businessmen who have outstanding debts to the Greek...

US House: Turkey Must Return Christian Properties

The Committee on Foreign Affairs of the US House has passed the Turkey Christian Churches Accountability Act (HR 4347), introduced by Chairman Ed Royce,...

Turkish Investors Interested in Greek Properties

Investors from Turkey have expressed their interest in Greek properties. Twenty four Greek properties were presented in a tourist event held in Istanbul on May...

Eurobank Snaps Up 14 State Properties

Eurobank Properties R.E.I.C.  has announced its acquisition of 14 properties from the Hellenic Republic Asset Development Fund. The bank will lease the buildings, which...

Greek Real Estate Prices Plummet as Properties Sit Empty

Bank of Greece data has revealed overtaxation of properties and lack of demand have resulted in almost 250,ooo properties being unsold in Greece, dragging house...