June 2022

According to data from the Bank of Greece, apartment prices in the country have increased by 8.6% in the first quarter of 2022. Based on the age of the property, the prices of the newly-built apartments increased by 10.3% and the older ones by 7.4%, while based on their geographical location, the largest increase is located in Athens by 9.7%. Thessaloniki shows increase by 8, 3% and the other big cities...

The pilot operation of the system of bulk real estate valuations (CAMA) has started. The electronic system is currently being tested by the services of the Ministry of Finance, a process which, as everything shows, will last several months, until at least the country's political leadership is convinced that the new system's results are correct and unquestionable. In the first phase, the system collects...

The Ministry of Digital Government is trying to put an end to the suffer of taxpayers who want to buy or sell properties, but need to collect numerous supporting documents. Again, this process has been severely delayed. The government was expecting to introduce a fully operational electronic transfer system in early 2022, yet this is still unavailable. As it stands today, landlords need to physically...

Landlords are asking for increases of up to 25% for the renewal of their leases, as August and February are the months when most relocations, lease renewals and new tenancies take place. According to the research network E-Real Estates (Panhellenic Network of Real Estate Agents), since the beginning of June this year, part of the landlords who rent properties have contacted their tenants for the renewal...