Greek Real Estate
Economy
Greek Defense Ministry to Generate €1.5 Bln a Year from Army Property
The Greek Armed Forces wealth exceeds 32 billion euros in real estate property and the Defense Ministry has a plan to generate 1.5 billion euros per year in revenues by utilizing it.
According to estimates by Defense Minister Panos Kammenos,...
Economy
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 increasing demand for real estate properties. With Greece being through the sixth year of economic crisis, the...
Greece
Demis Roussos' Greek Villa On Sale for 2M Euros
Just a few days after famous Greek singer Demis Roussos passed away, his luxurious house has already been put on sale. The famous singer’s two children, Emily and Kyrillos, have decided to sell their father’s masion, located in the Athens suburb...
Energy
Saudi Prince to Invest in Greece
Saudi Prince Al-Waleed bin Talal confirmed his interest in investing in Greece during a meeting with Greek Deputy Development Minister, Notis Mitarakis, and “Enterprise Greece” Chief Executive Officer, Stefanos Isaias, on Monday in Riyadh.
The Greek deputy minister met with...
Greece
Greek Island for Sale, 800,000 Euros Only!
For those looking for a unique and expensive Christmas gift idea, there is a small Greek island sold for 800,000 euros only. This is what the Daily Mail wrote about Little Lesbos, a 16-acre uninhabited island situated just 200 meters off...
Economy
Buy a Big House in Greece, Become Greek
The Greek government is putting forth a new bill that will allow non-EU citizens to acquire Greek citizenship if they spend at least 250,000 euros on real estate property in Greece.
According to a Kathimerini daily report, Angelos Syrigos, General...
Business
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 state. Their starting prices are very high, as Greek law sets the starting prices of...
Greece
Greek Real Estate Prices Continue to Drop
Property values in Greece continue to drop as the Greek economy struggles to recover. Greek real estate has lost 7.3% of its value compared to last year, according to a survey released by the Bank of Greece.
Based on revised data received from...
Greece
Navagio Beach in Zakynthos Allegedly Sold to the Emir of Qatar
The most famous beach in Zakynthos, Navagio beach, with its clear waters and the historic shipwreck lying on the sand, has attracted thousands of foreign and Greek tourists over the years.
Recently, there were reactions following word about an old...
Greece
Greek Vacation Homes for Sale
Foreign investors are still looking for vacation homes in Greece’s most famous travel destinations. In fact, it appears that the demand for such real estate transactions has increased, even though there haven’t been enough sales of such properties so...