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Prices

Latest Data Reveal Greek Inflation on the Rise

ELSTAT, Greece's official statistics authority, released its latest data on the country's annual EU-harmonized inflation on Friday, which showed a slight increase in prices overall. From one percent inflation seen in March of 2019, the figure increased to 1.1 percent...

High Rents Force Mykonos' Businesses to Shut Down (video)

The high prices owners demand from businessmen to pay for rent at Mykonos' highstreet of Matogianni, has led many businesses to shut down. Residents of the popular Greek island say that some owners ask for outrageously high prices, which include, apart...

Athens Rents Up by 17% Over Last Year

Rents for properties in central Athens increased significantly over the last year, mainly due to the demand for short-term occupancy by platforms like Airbnb, according to the Greek renting site Spitogatos. Central neighborhoods in the Greek capital such as Mets, Exarcheia,...

Athens' Main Street Ermou Among The World's Most Expensive

Athens' Ermou, the city's main retail street, is the 15th most expensive retail street in the world according to Cushman & Wakefield's annual ''Main Streets Across The World Report''. The average annual rent along Ermou Street rose to €3,000 ($3,750)...

Greece's Mykonos Has The Most Expensive 5-Star Hotels, Data Reveal

Mykonos was always considered as one of the most expensive tourist destinations in Greece. Recent figures come to prove that this general belief is true. More specifically, 5-Star Hotels in the island of Mykonos are the most expensive compared to...

Consumer Goods and Services More Expensive in Greece

According to a survey conducted by the European Statistical Authority, Eurostat, consumer goods and services price levels in Greece are more expensive than the EU28 average. Prices in Greece correspond to the 102 percent of the European average level. Norway and Denmark are on...