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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...

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,...

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...

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...

Winners and losers from the increase in the limit of 500,000 euros The real estate market is now looking for new opportunities, after the changes to the "Golden Visa" scheme and the investors’ frenzy during the first half of the year. From August 1st, visas increased from 250,000 to 500,000 euros for those who choose to buy real estate in Athens, Thessaloniki, Mykonos and Santorini, which turns the...

The turnover of its economy in Greece is expected to reach 4 billion euros this year When in 2007 Brian Chesky and Joe Zembia decided to provide their San Francisco living room air mattress and a simple breakfast for a fee, they could hardly believe they were laying the groundwork for a multi-billion dollar financial empire that has mutated the tourism industry but also entire megacities. Indeed,...

Golden visa demand soars - Thousands of pending applications There has been an investment explosion in recent years in Greece, as after the abolition of the “golden visa” program in Portugal, it is garnering the lion’s share from this program. The increased buying and selling of real estate brings hot money to state coffers, while strong mobility is also observed in the country’s notary...

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...