Greece Raises 10.3 Million Euros from State Property Sales

Six properties sold through the electronic platform "e-publicrealestate" have brought the Greek state upwards of 10,325,000 euros, the state's privatization agency HRADF said on...

Real Estate in Greece Reaches Almost 1 Trillion Euros

Greece holds a unique record in Europe: six in ten Greeks own some sort of real estate property, with the total value of their...

Alleged Sale of ‘Navagio’ Beach a Fraud

The alleged sale of 15,000 acres of land around famous “Navagio” beach on Zakynthos island in the Ionian Sea is characterized as a fraud of...

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...

Foreign Real Estate Agents Interested in Crete

In recent years, more and more foreign real estate agents and companies show an active interest in the Greek real estate market. According to a...

State Audit Council Blocks Ellinikon Development Project

The privatization and utilization project for former Athens airport Ellinikon is in danger of getting lost in the labyrinth of Greek bureaucracy after the decision of...

One in Three Greek Houses is Vacant

According to figures by the Hellenic Statistical Authority (ELSTAT), residences in Greece exceed 6.3 million, however only 65.7% of them are used. Figures from the 2011...

Rental Prices Drop in Athens

A research conducted by real estate consultancy firm Remax Newdeal, showed that rental prices for small, up to 60 square meters, old apartments, in Athens,...

ENFIA Amendment in Parliament, Foreclosures Protection Extended

The amendment for the payment extension of the first installment of the unified property tax (ENFIA) was tabled in Greek Parliament on Thursday along with...

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...

Mussolini’s Villa de Vecchi in Rhodes for Sale

The Hellenic Republic Assets Development Fund (HRADF), responsible for raising money from state property sales to reduce debt, is pitching the abandoned Villa de Vecchi...

Greek Real Estate Prices Continue to Drop

Property values in Greece continue to drop as the Greek economy struggles to recover. Greek real estate has lost 7.3% of its value compared to last...

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