Greek Property Market at a Complete Halt

The Greek real estate market has come to a complete stand still over the past two months, as the new law on the surplus...

Taxes on Greek Property 7 Times Higher than 2009

The number of Greek homeowners who will have to pay property taxes is reaching the 5.5 million mark. In 2014 property taxes are seven...

Shocking Decline in Greek Construction Activity

  The deep economic recession that Greece suffers from in conjunction with the strict fiscal policy, had a negative impact in building activity which records...

Unsold Real Estate in Greece Keeps Piling Up

Unsold real estate keeps piling up in Greece. In fact the number of unsold properties in the real estate market is approximately 270,000. According...

Property Taxes Could Leave Greeks Homeless

During the conference of the Hellenic Property Federation (POMIDA) which was held on Saturday in Athens, the president of the Federation Stratos Paradias, underlined...

Greece Second in Falling Property Prices

New data by the Bank of Greece reveal that the Greek real estate market slumped by 9.2 percent during the third quarter of 2013,...

The Greek Haunted Building on Mount Parnitha

There is no doubt that an abandoned building on the top of a mountain can provide the ideal setting for a thriller movie. The...

Increased Interest on Real Estate Investments in Greece

According to a Colliers International survey, despite the ongoing recession, international investors appear to be more willing to take risks in high-risk markets during...

Standing Holy Synod to Control Church Property

With an Amendment brought to Parliament by ministers Yannis Stournaras, Konstantinos Arvanitopoulos, Kyriakos Mitsotakis and Michalis Chryssochoidis, all matters relating to the management and...

Greek Hotels on Sale Despite Record Tourism Year

A survey shows that despite the increase of tourism in 2013, many hotel owners in Greece put their units up for sale at the...

Greek Banks Relieved by Freeze on Foreclosures

The American newspaper, The Wall Street Journal, commented on the recent decision of the Greek government to extend for one more year, the suspension...

Development Ministry Defends Foreclosure Rules

The Greek Minister of Development, Kostis Hatzidakis on Thursday defended draft legislation on non-performing mortgages. The opposition disapproves and claims that the government is...

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