Avoiding Capital Controls: Real Estate Revenues From Foreign Buyers Deposited in Banks Abroad

The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported. In fact,...

German Optics Company to Buy Greek Island for Customers

A well-known German eyewear company has challenged its customers to buy 420,000 frames and, in exchange, it will buy a Greek island for them. Libuda Optic...

Demolitions in Downtown Athens to Begin in September

Over 1,800 abandoned buildings in downtown Athens have come under scrutiny by the Environment Ministry, and in cooperation with the Municipality of Athens these buildings...

Cyprus’ ‘Golden Visa’ Program Generates €4 Billion Due to Russian Investors

Both Cyprus and Greece have organized what is known as "Golden Visa" programs where foreigners who purchase property are eligible to be granted residence...

The 5 Cheapest Greek Islands Currently for Sale

Most people who come to the Greek islands on an unforgettable vacation leave saying they can't wait to return. It appears that nowadays people...

Four in Ten Greeks Spend Twice the EU Average in Housing Costs

Four in 10 Greeks spend twice as much as the average European Union household on housing costs, according to a Eurostat survey. More specifically, four...

Chinese and Russian Investors Top List for ‘Greek Golden Visa’

Chinese investors are on top of the list of the "Greek Golden Visa" recipients as the program provides residence permits to third-country residents and...

New Construction in Greece Practically at a Standstill, Latest Stats Reveal

According to the latest figures released by the Greek statistical agency ELSTAT, new construction for the first 5 months of 2016 across Greece has seen...

Provocative Stance by Troika

The negotiations between Troika and the Greek Government concerning Troika’s plans for the auctioning of primary residences, have reached their limits. Troika’s representatives appear...

Cushman & Wakefield: Athens’ Ermou Street Ranked 25th Most Expensive Shopping Street in the...

According to the annual property report by Cushman & Wakefield titled, Main Streets Across The World, Athens' Ermou Street is ranked the 25th most...

BoG Data Reveals Increase in Turks Buying Greek Properties

According to market data presented by the Bank of Greece (BoG), more and more Turks are joining in the buyer's market for Greek properties. Previously,...

Church of Greece Revenues Drop

During the last five years,  Church of Greece revenues have decreased by 70%. Βelievers offer fewer donations, while the number of sacraments performed in churches...

LATEST