real estate

Understanding booms and busts in real estate markets has been a major area of study among economists, and many of them have developed models seeking to predict boom and bust cycles in housing markets. There is no model for the...

Greek Finance ministry on Wednesday announced a decision to lower official real estate values up to 19 pct in a move aimed to bridge a gap created between commercial and official property values due to a prevailing crisis in...

People in Greece move on average 3-5 times in their lives, while 70% of people in Greece are homeowners, of which 28% live in a flat and 42% in a house. Furthermore, Greek people prefer urban areas over rural...

The program that offers residence permit to non-European Union citizens who buy real estate property in Greece worth more than 250,000 euros has been met with little interest. The policy went into effect in 2013 and so far only 983...

Greece's tourism sector has become a poll of attraction for foreign investors as half of foreign investments in 2014 were made in tourism and real estate, according to Enterprise Greece member, Constantinos Angelopoulos. Greece retains its comparative advantage and...

The Greek community’s Arkadia club in Melbourne has decided to sell its main center building to an overseas developer. The building, located on Batman Street in West Melbourne was sold at 8.78 million Australian dollars, after 130 different developers...

Greek-Cypriots are currently buying and selling properties in the occupied areas of Cyprus at prices higher that the ones set by the Turkish-Cypriot Immovable Property Commission (IPC) and lower than the market value in the Greek-Cypriot part of the country. According...

The number of Greek luxury villas bought by Russians has doubled in 2015 compared to previous years, says a Bild report. As the Greek economy keeps sinking in recession and the recent capital controls have crippled tourism, the Greek government...

The new state-set prices for real estate (known as "objective value") are expected to be ready by end-June, Greek Alternate Finance Minister Nadia Valavani told a special permanent committee in Parliament reviewing state contracts, in a document. Valavani was responding...

The new Greek government is preparing an overhaul of the tax system, starting with a Large Property Tax (LPT) that will include real estate, bank deposits, luxury goods, works of art, with a tax-free threshold of 300,000 euros, and...