real estate

Chinese Purchased €258 Mln of Greek Residential Real Estate in 2017

Mainland Chinese purchased at least €258 million (U.S. $300 million) of Greek residential real estate in 2017, according to a report by Juwai, a Chinese international real estate company. The company estimates that in 2018 investment could be even higher...

One Million Property Owners Throughout Greece Brace for ENFIA Increases

According to the property tax notifications that the government started distributing Tuesday night, property owners throughout the country are in for a dramatic increase on their ENFIA bills. The raise in ENFIA comes from an adjustment in property rates, resulting...

New Luxury Resort to Be Built in Kavala, Northern Greece

Kavala, a major port-city of the Macedonia region of Northern Greece, is about to see a large seaside resort being built inside the municipality’s boundaries. The new project is expected to cost more than €30 million ($35 million) and will...

New Mega-Project for Luxurious Resort in Greece's Peloponnese

Greece’s Government has approved plans for the construction of a luxurious resort in the Argolis region of Peloponnese near Nafplio, worth more than €420 million ($491 million). The project is about to change completely the face of the region, transforming...

Ex-Onassis Resort Reopens in Greece's Corfu (photos)

Α luxury resort in Corfu originally built for the Onassis family in the late 1960s has been renovated and will operate under Marriott’s Luxury Collection brand from Aug. 1. Originally designed by Greek architect Charalambos Sfaellos, Domes Miramare remains faithful...

Eurostat: Housing Costs Greeks 4 Times More than European Average

Greeks pay dearly to have the nice, big house of their dreams, as 40 percent of them spend close to half of their income to maintain their home, new Eurostat figures show. Specifically, four out of ten Greeks (40.5 percent)...

Grand Hyatt to Open in Athens

Hyatt Hotels will open its first Grand Hyatt hotel in Greece -- its third in Europe -- the company has confirmed. A continuous rise in tourist arrivals in Greece and its capital has been the main reason the hotel giant...

Most Expensive House in Greece Sells for €20M (video)

A house belonging to the Pitsos family is, according to Sotheby's, the most expensive home in Greece and was recently sold for €20 million. The house that overlooks the Saronic Gulf is located in ​​Kounoupi in the Porto Heli area...

Greek Police Clash with Protesters Over Home Auctions (video)

At least one person was injured on Wednesday as Greek riot police used tear gas to disperse a crowd of protesters against home auctions, in central Athens. Protesters, including a former SYRIZA minister and at least two former MP’s of...

Russian Tycoon Dmitry Rybolovlev Starts €120Μ Project on Skorpios Island

Russian billionaire Dmitry Rybolovlev received the "green light" from the Greek State for a multi-million-euro investment project on Skorpios island in the Ionian Sea. The project that will raise the prestige of nearby Lefkada and the rest of the Ionian...