Decline of Greek Real Estate Market Means Bargains Abound

The Greek real estate market has declined considerably during the economic crisis. Estate agents say property prices have fallen to 1980s level, with some houses being sold for...

Greek Real Estate Prices Plummet as Properties Sit Empty

Bank of Greece data has revealed overtaxation of properties and lack of demand have resulted in almost 250,ooo properties being unsold in Greece, dragging house...

Greek Real Estate Market Still on Downward Slope

The Greek real estate market is still on a downward slope due to the lack of demand, the decline in people’s revenues and the...

TAIPED Seeks Improved Bid for Ellinikon

Lamda Development has until March 26 to submit an improved bid to renovate the disused site of Ellinikon Airport after authorities rejected the Greek company's initial bid...

Athens’ Real-Estate 70 Percent off Fair Market Value

  Old apartments in Athens are sold at lower prices than their fair market value. In fact, they are sold even 70 percent lower than...

Considerable Decline in Greek Construction Industry

The Greek construction industry has shown a considerable decline since 2012, according to data provided by the Hellenic Statistical Authority (ELSTAT). In December 2013, private...

Mykonos: Former Wealthy Greeks Sell Villas to Foreigners

The villas of Mykonos hit the market and shipowners as well as Greek and foreign businessmen are ready to invest millions of euros on...

Good News for Real Estate Investment Companies in Greece

Good news for the real estate investment companies in Greece. As it seems, things have started to improve as the drop in prices of...

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...

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