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real estate

Greek Tourism Real Estate Outlook Positive, Piraeus Real Estate CEO Says

George Kormas, a senior manager in the Piraeus Bank Group and the CEO of Piraeus Real Estate, announced on Friday that Greek tourism, and the hotel sector in particular, have improved significantly in terms of quality and supply. The welcome...

Latest Figures Show Huge Increase in Foreign Capital Buying Properties in Greece

According to the latest data published by the Bank of Greece on Wednesday, the foreign capital flowing into the country to buy properties in January 2019 showed a staggering increase of 155.7 percent over the same month in 2018. This...

'Golden Visas' show 46% Increase in 2018

Greece saw an increase of 46 percent in the number of residence permits given to non-EU citizens who took advantage of the "Golden Visa" program in 2018, Kathimerini daily reports. The program provides renewable residence and work permits to individuals...

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...

''Golden Visa'' Investors and Tourism Boosting Greece's Recovery

  The Greek economy is currently undergoing a major transformation, mainly because of the real estate boom and record-breaking tourist arrivals, the New York Times reported on Wednesday. The American newspaper analyzed the two major factors which are contributing to Greece's...

Rental Subsidy Program For Low-Income Greek Citizens Begins

The new rent-subsidy scheme for Greek citizens, which was passed last year by the Greek Parliament, came into effect on Tuesday evening. The online platform, where thousands of Greeks will be able to upload their application, began operation operation late in...

How the British TV Series ''The Durrells'' Spiked Real-Estate Prices on Corfu

A new article in UK's Financial Times newspaper last Friday described how the famous British TV series ''The Durrells'' has made Corfu an even more popular holiday destination, impacting its real-estate market over the last few years. "The Durrells", which...

Eighty Percent of Greek Properties Bought with Cash

More than 8 out of 10 real estate transactions in Greece are now carried out using cash, with no bank involvement whatsoever, according to a survey published recently by the Association of Certified Brokers of Greece (BPOR). The survey reflects the...

Golden Visa, Airbnb Drive Greeks Out of Housing Market

The real estate market in Greece is booming because of an extraordinary amount of sales to foreigners who want to receive the so-called "Golden Visa", while an increase in the number of people who short-lease their apartments to platforms like Airbnb is driving up rent prices.

Chinese Buyers Gobbling Up Greek Real Estate

The Greek real-estate boom that has been recorded in the last couple of years is continuing its trend as Chinese buyers are multiplying at a great pace, according to Carrie Law, the CEO of Juwai.com. Juwai.com is currently the largest portal...