Foreign markets

Real estate: “Cheap” but… the roof is unaffordable in south-eastern Europe – The picture in Greece

Property prices in these areas may be cheaper, but locals can't buy As the region with the lowest housing prices on the continent, Southeast Europe emerges, according to a recent Deloitte report. However, despite the affordability of these homes compared to the rest of Europe, it is still a financial challenge for many local citizens to buy their own home. Of all the countries assessed in the report,...

Real estate: Greece ranks 3rd in the global housing market

Why the global rally in house prices continues - What Knight Frank research reveals The bullish party in the domestic housing market continues, with prices now just shy of the all-time high of 2008 before the financial crisis. The new double-digit growth during the third quarter of 2023 has catapulted Greece into the global top 3 of the countries with the strongest annual rate of change, although the...

The real estate bubble

The current economic situation, but sometimes an entire period of history, can be captured by the price fluctuations of a small apartment. A friend of mine was described me a few days ago the adventures and destiny of a small apartment she owns in Ampelokipoi over the last 20 years. The ground-floor apartment, which her family bought her during her student years up until the day she got marriage, became...

Portugal will no longer issue ‘golden’ EU visas

Five hundred thousand euros ($530,000) for a residence permit in a Schengen zone EU country: That's the deal the Portuguese government has been offering rich foreigners since 2012. About 12,000 investors have taken advantage of it to date, effectively purchasing an entry ticket to the European Union for themselves and their families. Now Portugal is calling time on its golden visa program, partly in...

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