House Buyer’s Profile in Greece

House buyers in Greece today are mostly people with families, aged 30 to 55, and the vast majority pay in cash, according to the...
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Piraeus Bank CEO Christos Megalou: ‘Greece is Heading Towards Normality’

"The banking sector in Greece is at its best since the crisis started in 2009-2010," Christos Megalou, CEO of Piraeus Bank, said in an...

Poor Protection of Ownership One Reason Foreigners Do Not Invest in Greek Real Estate

One of the reasons foreigners do not choose to invest in Greek real estate is the poor protection of the right of ownership by...

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...

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...

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...

Eurostat: Housing Costs Greeks 4 Times More than European Average

Greeks pay dearly to have the nice, big house of their dreams, as 40 percent of them spend close to half of their income...

Council of State Gives ‘Green Light’ for Ellinikon Development Project (video)

The Council of State gave the approval for the beginning of works to make the former Athens airport site at Hellinikon into a multi-purpose...

Eurostat: Greece Housing Market Prices Decline April-June Quarter

On Wednesday Eurostat presented data gathered by the Bank of Greece (BoG) showing that the Greek housing market has experienced a decline in prices...

Greece is the World Champion of Low Property Prices

At a time when there is an increase in the value of homes worldwide, the Greek housing market is going in the exact opposite...

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...

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...

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