Real Estate

The right to housing in Greece tends to become a joke as housing prices soar at rates out of proportion to wages. While the problem of access to housing is intensifying on a pan-European level, it is now also on the agenda of politicians, who until recently underestimated it. As part of the housing policy, the government will announce at the Thessaloniki International Forum "My House 2", which will...

What is happening in residential real estate, commercial real estate and logistics The real estate market in our country is still moving at an upward pace, with positive prospects, in all individual sectors, residential properties, commercial properties and logistics. This finding comes from a series of studies and researches that see the light of day. Alongside the development prospects, new trends...

The government is introducing a three-speed limit With the aim of addressing the housing problem, limiting demand in "good" areas and addressing distortions in the real estate market by reducing particularly high prices, the Ministry of National Economy and Finance is proceeding with the legislation to increase the limits for the Golden Visa. At the same time, as mentioned by government officials, it...

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...

Greece is one of the most attractive destinations for foreign buyers The interest of foreign investors in the Greek real estate market is great. In recent years, a large percentage of foreign buyers choose to purchase residential real estate in our country either because of the changes in the Golden Visa program or for permanent residence after their retirement. The investments of foreigners in the...

Incentives for the reconstruction and utilisation of properties are requested by executives of the real estate market The thousands of "orphan" properties in Greece, which, according to the latest estimates, amount to 770,000, are recording a significant increase in the last decade and are characterised as a ticking bomb that is ready to explode. In fact, information from the tax authorities indicates...

In the twelve months of April 2022 - March 2023, the volume of transactions in the whole country fell by 12.45% on an annual basis House prices may continue their upward trend, as they increased by 14.5% year-on-year in the country as a whole in the first quarter of this year, but transaction volumes are following the opposite trend. The above conclusion results from the study of the Research and...

How property prices will shape up to 2026 Real estate prices continue to rally and are forecast to rise even more in the coming years. Market professionals estimate that the high demand for home acquisition has strengthened even more this year, as a result of the “Spiti My” program. According to a recent analysis by Piraeus Bank, house prices will increase by 7.4% in 2023, from 11.1% in 2022. The...

How much is the Greek market at risk as a whole from the trend in real estate? An alarm has sounded in the real estate market about the possibility of a "bubble" in real estate. As prices continue to increase, at the first quarter of the year home sale prices compete at double the rate of growth. The properties The figures are revealing, according to which the sales prices of newly built apartments...

The market share of second-hand properties on all sales that take place is now increasing, since the cost of buying a newly built home is considered prohibitive for the majority of households. A large portion of real estate buyers turn to second-hand properties as prices are lower than new constructions but there is more room for negotiation with sellers. At the same time, the cost of buying an old...