The report highlights that the Cyclades continue to rank among the world’s most desirable destinations for holiday home buyers.

The report indicates that this increased demand from overseas buyers has driven up real estate prices in urban centers, with Athens, Thessaloniki, and Mykonos seeing some of the sharpest rises.

The Electronic Building Identity has become key to property deals in recent years and is required before final contracts, recording the property's legal status and flagging any illegal structures.

The Greek islands of Mykonos and Santorini have become a high-priced market segment, distinctly separate from the rest of the Cyclades.

According to officials from Barnes International Reality this week, Athens posted the second biggest increase in terms of attractive destinations for buying property

In total, credit institutions are expected to contribute 100 million euros to the entity.

All-time favorite Mykonos remains the priciest island to buy a holiday home; Folegandros and Antiparos lead in average selling price growth.

The functionality of a home, combined with low prices and flexibility, are the primary drivers

Office rental rates also moved upward in 2024, albeit at a slower pace. Across all office categories nationwide, nominal rents increased by 1.9%.

Eurobank CEO points the finger back at the state, arguing that it is government-imposed conditions, particularly those tied to property legalization and digital registration, that are delaying sales.

Chinese investors, who represent the largest group of Golden Visa holders, favor long-term leasing as a strategy to secure stable income for at least three years.

The city center remains a key area of interest, with an average asking price of 2,524 euros per square meter, reflecting a 5.21% increase from February 2024.

In the Athens office sector there are currently plans for new developments with a total area of more than 108,050 sqm

Properties in Central Athens and the southern suburbs are top choices for foreign investors through Greece's golden visa scheme.

Non-compliance carries severe penalties, with violators faced with a fine equal to 10% of the unverified transaction amount.

Golden Visa applications in Oct. 2024 were up by 12% compared to the same month of 2023 – 12,577 to 11,229 - despite higher minimum investment set by Greek government this year

Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.

More than 6,200 legal entities and individuals in Greece have declared more than three properties offered up for short-term leasing

According to Eurostat despite the high rental prices in Greece, they are still far below the peak levels recorded in 2010.

The scale of residential developments varies depending on the area. Different needs and infrastructures exist in regional cities, Thessaloniki, Patras, Heraklion, and each municipality in Athens.