Greece
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Greek Real Estate

Mussolini's Old Villa on Rhodes Still on Real Estate Market

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, placed the abandoned Villa de Vecchi on the Greek island of Rhodes, which had been the holiday home of Italian dictator Benito...

Having Bottomed Out Since 2008, Athens' Real Estate Market Stabilizes

As Greece officially exited its international bailout on Aug. 20, one indicator of confidence in the country is its tentatively stabilizing real estate market -- especially in the capital, Athens. Athens - responsible for generating around 19 percent of the...

Eurostat: Housing Costs Greeks 4 Times More than European Average

Greeks pay dearly to have the nice, big house of their dreams, as 40 percent of them spend close to half of their income to maintain their home, new Eurostat figures show. Specifically, four out of ten Greeks (40.5 percent)...

Cyprus' 'Golden Visa' Program Generates €4 Billion Due to Russian Investors

Both Cyprus and Greece have organized what is known as "Golden Visa" programs where foreigners who purchase property are eligible to be granted residence status. Recently Cyprus' Golden Visa program has raised some 4 billion euros in revenue for the...

Eurostat: Greek Real Estate Declines as Compared to EU Counterparts

  According to figures released by Eurostat on Monday, the Greek real estate market is on a steady year-on-year decline over the last quarter of 2016. Bank of Greece statistics reveal that property rates in Greece have decreased by 0.6...

Sales of Greek Real Estate Properties to Foreigners on the Rise

Real estate purchases by foreigners in Greece are on the rise again, reaching the 2014 level, as Bank of Greece figures show. According to BoG data, sales of homes to foreign investors showed a significant rise in the last months...

Chinese and Russian Investors Top List for 'Greek Golden Visa'

Chinese investors are on top of the list of the "Greek Golden Visa" recipients as the program provides residence permits to third-country residents and their families when they invest 250,000 euros or more in real estate property in Greece. Real...

Colliers International Reports Attica Storefront Rentals Increase in Popular Shopping Areas

According to the latest survey by the industry-leading global real estate company Colliers International, Attica's storefronts have seen an increase in the amount of rentals this year, particularly in popular shopping areas. This latest data seems to suggest some sort...