George Gavriilidis, CEO of the real estate consultancy Elxis highlights that Greek buyers are increasingly drawn to emerging locales.
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans.
Safety, access to public transport, parks and schools, as well parking availability are the top consideration for those thinking about buying property in Greece.
Prices in the southern Attica region of Piraeus soared 27.3%, according to the leading real estate website Spitogatos
A Spitogatos Nationwide survey mentions safety, access to public transportation and parking availability among factors
Greece’s success at MIPIM 2023 is clear evidence of the confidence investors have in the country as it is emerging as one of the top destinations for real estate investors in Europe, whether it involves hotels, industrial, residential, or commercial properties, as well as logistics and infrastructure.
With real estate in Greece soaring, privately-run “all-inclusive” student dorms are intriguing investors leaving some wondering if it's the country's next real estate opportunity
The clustering of buildings reduces the necessity for new infrastructure development; thereby minimizing environmental harm noted the same ministry official.
The popularity of co-living is increasing in Greece, with 57% considering it, drawn by cost-effective shared amenities (26.7%) and reduced isolation (22.7%).
A new regulation, set to be tabled in parliament in the coming period, foresees an increase in the minimum golden visa outlay for certain areas at 800,000 euros
In response to a tabled question in Parliament on a housing shortage in some areas, primarily greater Athens, the PM also cited prospect of banning 'Golden Visa' properties from AirBnB-type exploitation
Berenberg, the oldest German bank, identifies Greece and Portugal as key players in the eurozone's narrative this year, alongside Spain to a lesser extent
The residences in the complex, to be completed by 2026, will bear the Waldorf Astoria by Hilton brand
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.
In the majority of cases, foreign investors buy property in Greece not only to obtain the Golden Visa but also because it is profitable, often leasing it for short periods.
One billion euros flow into real estate market last year from scheme, with pending applications in 2024 expected to near two-billion-euro mark
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 […]
In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures
According to a recent survey, Israelis are the top buyers, followed by Chinese nationals and Germans