Greece
Economy
How the British TV Series ''The Durrells'' Spiked Real-Estate Prices on Corfu
A new article in UK's Financial Times newspaper last Friday described how the famous British TV series ''The Durrells'' has made Corfu an even more popular holiday destination, impacting its real-estate market over the last few years.
"The Durrells", which...
Economy
Fears of Grexit and Drachma Drives Greeks to Unload Hidden Cash in Real-estate
As the outrage mounts in Greece over even tougher austerity measures and €5.4 billion budget cuts, the fear of a Grexit and revival of the drachma is a subject of much discussion throughout the country. In fact, according to...
Greece
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 their fair market value. This is happening due to the constantly increasing “gap” between the...
Economy
Fitch Expects Greek Real-Estate Prices To Decline By 15%
Fitch Ratings said that Greek real-estate prices are expected to decline 15% over the next two years as interest-rate increases make it harder for borrowers hit by austerity measures to keep up with mortgage payments, according to Bloomberg.
The proportion...
Culture
The Amazing Works of Beloved Corfu Writer Lawrence Durrell
The family of Lawrence Durrell spent four important years on the idyllic Greek island, using his experiences there for the rest of his life.
Environment
The New Thessaloniki Coast: Botanical Gardens and Pools in the Sea
The Prefecture of Central Macedonia on Monday announced plans for the redesign of Thessaloniki’s shoreline, plans that include botanical gardens and swimming pools in the sea.
The Governor of Central Macedonia, Apostolos Tzitzikostas, announced in a press conference the vision...
Business
Elliniko Project to Start as Lamda Set to Pay First Installment
Lamda Development, the firm that is responsible for redeveloping the old Ellinikon Airport, will pay its first down payment next week.
Greece
Greece Announces 63 Deaths, 2,812 New Coronavirus Cases
The EODY announced on Monday that a total of 63 new coronavirus deaths had been recorded in the country in the last 24 hours.
Business
Hellinikon Casino to Be Completed in 36 Months Says Mohegan
Construction of the casino at Hellinikon will be completed in 36 months, said CEO of Mohegan Gaming and Entertainment (MGE) Ray Pineault
Greece
Sixty Die with Coronavirus as Infections Rise Again in Greece
The EODY announced on Monday that another 60 individuals had died with the coronavirus, an increase of nine over the previous day.
Business
Greek Real Estate Market Set to Rebound in Post-pandemic Greece
Ana Vukovic, from Collier’s Greece and Serbia, spoke about the challenges of the post-pandemic world for Greek real estate.
Business
Chinese Surge for Greece's Golden Visa Expected Post-Covid Restrictions
The coronavirus pandemic has caused a significant drop in the number of Golden Visas awarded by Greece to Chinese citizens, says a report released on Wednesday by Juwai IQI, a holding company comprised of two Asian real estate super-brands.
The...
Business
Demand for Greek Real Estate from Chinese Investors Peaks Despite Coronavirus
Chinese investors' demand for Greek real estate continues to be strong and has actually peaked during the coronavirus crisis, as Greece is considered to be safer than other countries in this regard due to its low infection rate.
A study of...
Economy
Greece Plans to Scrap Primary Residence Protection, Introduce Individual Bankruptcy
The Greek authorities are planning to introduce to the country's judicial system the institution of individual insolvency, in which a person is able to declare bankruptcy, liquidate his or her property and receive a second chance in life, free...
Diplomacy
Donald Trump Congratulates New Greek PM Kyriakos Mitsotakis
US President Donald Trump on Tuesday congratulated Greece's new Prime Minister Kyriakos Mitsotakis over the telephone.
According to the Prime Minister's office announcement:
"Prime Minister Kyriakos Mitsotakis had a telephone conversation tonight with United States President Donald Trump. The American President...