Millions of House Owners Risk Seeing Assest Value ‘Wiped Out’ Due to Drastic Mandatory Energy Consumption Cuts
The head of Greece’s national organization of immovable private property owners warned millions of owners are at risk of facing depreciation of their assets in the coming years due to the inability to finance the mandatory energy upgrades of their buildings.
Subsidy Program Aims to Open Closed Apts. in Athens
An increasingly acute housing shortage in the Greater Athens area is forcing the Greek government to think “out of the box”. One initiative under serious consideration would provide generous subsidies to owners willing to renovate apartments that are currently shut up and offer them for rent. The Greater Athens-Piraeus area is home to roughly half […]
Rise in Scams and Fraud Exploiting Housing Demand
The real estate boom of recent years has turned out to be manna from heaven for fraudsters, who have exploited growing demand to literally rent or sell air. According to industry professionals, the culprits are common scammers operating primarily online through social media and classified ads. In a case that recently came to light, a […]
Greece Ranks Third in the Global Real Estate Market
Southern and Southeastern European countries dominate the top positions in the ranking, with Croatia in second place (+13.7%), Greece in third, and North Macedonia (+11.0%) in fifth. The only outlier in this ranking is Colombia, standing fourth in the global index