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real estate

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...

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...

Chinese Investors Rush to Greece for Golden Visa

The Chinese are setting records for the number of so-called "Golden Visas," or investment visas, they are obtaining in Greece, according to statistics released recently by the Greek government. Chinese investors account for an amazing 68 percent of all Greek...

Piraeus Bank Announces New Auction for Greek Real Estate Properties

Greek banks have intensified their efforts to sell properties owned by them through auctions after the summer lull, which was largely caused by the general elections in July. Piraeus Bank, Greece's largest lender, announced last week that it will hold...

Greece Freezes VAT on New Building Permits to Boost Housing Market

In an attempt to boost the Greek real estate market, PM Kyriakos Mitsotakis announced on Wednesday a three-year suspension of VAT payments on any new building permits as well as those to be made on unsold properties built after...

Foreign Investment in Real Estate Nearly Doubles in Greece in 2019

According to official data published recently by the Bank of Greece, foreign investment in Greek real estate grew by a stunning 94.6 percent during the first half of 2019, compared to the same period last year. Between January and June...

Greece to Offer Limited Number of Citizenships to Major Real Estate Investors

The Greek government plans to introduce a limited citizenship-granting scheme to non-EU nationals who wish to invest more than €2 million in the country's real estate market, it was disclosed on Thursday. According to media reports, Greek authorities are reviewing ways...

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...

More than Five Percent of Athens Apartments Now on Airbnb-Style Platforms

A total of 5.3 percent of the total available apartments in Athens are now ''blocked'' by being rented exclusively via Airbnb-style platforms, an organization called the ''Association of Sharing Economy'' (SODIA) said on Thursday. Their surprising figures were presented at...