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investment

Property Values on Many Greek Islands Soar

The prices of properties on several Greek islands have been soaring since the beginning of the year, according to data obtained by Greece's most famous real estate sales website Spitogatos.gr. Some of the most famous islands have seen their prices...

Chinese Demand for Greek Property Remains High Despite EU Crackdown

The Chinese demand for Greek property remains close to historic highs, despite the European Commission's recent call for a crackdown on potential abuses of European Golden Visa programs, says Carrie Law, director of leading Chinese real estate company Juwai. Chinese...

Archaeological Council Approves Environmental Study for ''The Hellinikon Project''

The Central Archaeological Council of Greece (KAS) gave a green light on Wednesday to the environmental study for the project formally called the "Implementation of the Integrated Development Plan of the Metropolitan Pole of Elliniko - Agios Kosmas." The plan,...

Airbnb Investments Revive Athens' Historic Neighborhood of Psyrri

Psyrri, a popular downtown neighborhood of Athens at one time, is becoming the center of Airbnb-related business once again, as three more major investments have been announced over the last few weeks. Psyrri became one of the hotspots of nightlife...

Cosco's Piraeus Investment Plan to Be Resubmitted for Approval

China’s Cosco shipping consortium is expected in the coming days to re-submit its multi-million-euro investment plan for Piraeus to the country's Committee of Planning and Development of Ports. The submission will include the company's comments on the previous report issued by...

Greece Approves Chinese Conglomerate Cosco's Plan for Luxury Hotels in Piraeus

The Greek government gave the green light on Thursday to the Chinese conglomerate Cosco to convert three buildings at the Piraeus port into luxury hotels. The Greek Culture Ministry's Central Council for Modern Monuments unanimously approved the Piraeus Port Authority's...

Investment in Greece Remains Low Despite Favorable Growth Rate

The ratio between Greece's GDP and the amount of investment in the country is the lowest in the European Union, according to the latest figures recently released by ELSTAT. The Greek Statistics Authority has determined that the value of investments...

Greek Archaeological Council Derails Cosco’s Investment Plan for Piraeus

Greece's Central Archaeological Council (KAS) derailed the multi-million euro investment program of China’s Cosco Shipping consortium on Tuesday, ruling that some proposed projects at the port of Piraeus would affect archaeological sites. In a marathon discussion lasting until midnight, KAS, in a...

Greece Becomes the Second Largest Investor in North Macedonia

Greece's importance in the economy of North Macedonia is becoming even more clear after the ratification of the Prespa Agreement, as the country became the second largest investor in North Macedonia for the year of 2018. The role of Greek businesses...

Athens Real Estate Investment Climate Heats Up

According to a PricewaterhouseCoopers (PwC) report published this week, Athens climbed to 14th place in Europe from the 29th spot it held in 2017 regarding property investment prospects. The report was conducted by the London-based company for the well-known "Urban...