real estate
Economy
Greek Home Market Among Cheapest in EU: Value for Your 200,000 Euros
Statista, the online statistics portal for market data, reports that a home buyer in Greece can buy the fifth largest home for 200,000 euros in the eurozone. Specifically, the amount can buy a newly-constructed 120 sq. meter flat that...
Economy
ENFIA Notifications Open Up for Property Owners on Monday
Single Property Tax (ENFIA) notifications for real estate owners in Greece are available online as of Monday. Real estate owners can visit www.gsis.gr for more information. The tax can be paid in five monthly installments, with a first payment...
Greece
Property Owners Get Rid of Tenants for Tourists
Travel accommodation sites such as Airbnb and HomeAway have seen an increase in owners interested in short-term leases to foreign visitors. As tenants are being evicted in favor of tourists, realtors point to the obvious benefits of leasing out...
Economy
FT Dubs Mykonos the 'French Riviera' of Greece
Mykonos, Greece's party island in the Cyclades, has been billed by the Financial Times as the most sought after and expensive pieces of land on the property market in an article titled, "Why Mykonos is Greece's Most Resilient Property...
Greece
Foreign Interest Drives Up Prices of Luxury Villas on Greek Islands
The prices of luxury holiday villas on popular Greek islands can be six times higher than on other property on the same islands, a new study done by property valuation firm Geotaxis reveals.
The prices are thought to be driven...
Cyprus
Turkish-Cypriot Real Estate Agents Say Buying Greek-Cypriot Homes Is Big Risk for Investors
As the UN-led Cyprus Talks hope to soon resolve the Cyprus Issue and reunify the island, returning Greek-Cypriots to their land and properties in the northern third of the island that covers almost 40 percent of the total island, Real...
Economy
Foreign Investors Choose Traditional Houses in Greece
Over 600 million euros have been invested in Greek real estate by foreign investors in the 2013-2015 period, with the emphasis given to traditional summer houses, according to a Kathimerini report.
Specifically, 186 million euros were invested in 2015, 250...
Greece
Greek Property Market Still on Downward Trend
The Greek property market shows an improvement on the international index following the first quarter, according to the Global Property Guide. The study ranks Greece 39th out of 45 countries as prices were reduced by 5.3 percent on an...
Economy
Bank of Greece: Real Estate Prices will Continue to Drop
Real estate prices in Greece will continue to drop in the next few quarters, a Bank of Greece report says.
The central bank's report on monetary policy predicts that prices and demand will continue to slide, albeit at a lower...
Economy
Fears of Grexit and Drachma Drives Greeks to Unload Hidden Cash in Real-estate
As the outrage mounts in Greece over even tougher austerity measures and €5.4 billion budget cuts, the fear of a Grexit and revival of the drachma is a subject of much discussion throughout the country. In fact, according to...