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Greek Real Estate

Report Predicts Increase in Sales of Private Greek Islands

Knight Frank, a real estate consultancy company, released a report on island real estate across the world, noting that Greece's financial policies could lead to increased sales of the country's islands. "As the long-term ramifications of Greece’s financial bailout play out more fire-sales of Greek islands are expected....

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,...

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...

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...

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...

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...

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...

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...

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...

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...