A construction blooming has been noted during the last 9 months in the country, despite the fact that the pandemic crisis and the war in Ukraine have created multiple problems. The cost of construction, for example, has increased by 50% within one year, as materials and services have risen steeply; however a strong interest of foreign investors in buying properties, mainly in the Southern Suburbs of...
by admin 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...
by admin 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...
by admin 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...
by admin Are you you a private investor who is interested in buying or selling property in Greece? Here is 10 tips of what you need to think about in Greek Real Estate: 1) Location, location, location! Step number one is to decide on the area you wish to live in, or wish to invest your money in. 2) Browse through as many websites as possible to locate the property that suits you best. 3) Locate the right property...
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