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real estate

Piraeus Bank Finances Acquisition of Five Hotels on Crete

Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete by the international real estate company Henderson Park and Hines. The 1,094-room, 67,000-square-meter portfolio comprises five...

Construction of Hellinikon Resort Casino by Mohegan Gaming Set to Begin

Once the company is given final approval, Mohegan Gaming & Entertainment plans to begin construction immediately on its 8.9-million-euro ($1 billion) integrated resort casino at the abandoned Hellinikon Airport in Athens, Greece. The resort casino is part of the larger...

Chinese Surge for Greece's Golden Visa Expected Post-Covid Restrictions

The coronavirus pandemic has caused a significant drop in the number of Golden Visas awarded by Greece to Chinese citizens, says a report released on Wednesday by Juwai IQI, a holding company comprised of two Asian real estate super-brands. The...

Designs for Reconstruction of Iconic Tower of Piraeus Released

The City of Piraeus released proposed designs on Wednesday for the reconstruction of its iconic tower building which has been left nearly tenantless and empty for almost 45 years. The building, the second tallest in the entire nation of Greece, has been...

Greece's Highest Court Confirms Mohegan as Sole Bidder for Athens Casino

Greece’s highest administrative court, the Council of State, on Thursday rejected an appeal by Hard Rock International against its exclusion from the bidding process for the Elliniko casino permit. The decision means that the consortium of Mohegan Gaming & Entertainment...

Demand for Greek Real Estate from Chinese Investors Peaks Despite Coronavirus

Chinese investors' demand for Greek real estate continues to be strong and has actually peaked during the coronavirus crisis, as Greece is considered to be safer than other countries in this regard due to its low infection rate. A study of...

Has Greece Reached its Limit for Airbnb Style Rental Properties?

Official data presented during the recent ΒΝΒ Conference about Greece's short-term property rental market revealed some interesting information about the situation that online platforms such as Airbnb and HomeAway have created. According to official data, between December 2018 and December...

Plans for Second Phase of Athens Riviera Reconstruction Project Presented

The first phase of the ambitious reconstruction of Faliro Bay is almost completed and the plans for Phase B have been presented, with the Attica Region now seeking the funds needed for its implementation. The plans for Phase B are...

Real Estate Prices in Greek Cities Soar in 2019

The real estate market in Greece's largest cities recorded an impressive increase in the price of sales and rentals in 2019, according to the accumulative data published by Spitogatos, one of the country's largest real estate websites. The marked uptick...

Greece Awards Hellinikon Project Casino License to Mohegan

The Hellenic Gaming Commission awarded the casino operating license at Hellinikon, south of Athens, to the consortium Mohegan Gaming Advisors - GEK Terna SA on Monday. Hard Rock International, the other candidate in the bidding process, has a 10-day deadline to...