Golden Visa, Airbnb Drive Greeks Out of Housing Market

The real estate market in Greece is booming because of an extraordinary amount of sales to foreigners who want to receive the so-called "Golden Visa", while an increase in the number of people who short-lease their apartments to platforms like Airbnb is driving up rent prices.

Greece Fourth in Property Taxation in the EU, Study Finds

Greece holds fourth place in the EU regarding the issue of property taxation, according to a study conducted by the Foundation for Economic and Industrial...

Greece Slips in World Bank’s Ranking on Ease of Doing Business

Greece dropped five places in this year's World Bank's annual "Doing Business Index," ranking 72nd, down from 67th place last year. Greece's score of...

Study: Airbnb Transforms Greek Real Estate Market

Airbnb is increasingly asserting itself as a dominant force in Greece's real estate market. This according to the results of a study conducted by...

Chinese Investors Delivering Athens Real Estate Boom

The recent real estate boom in Athens, precipitated by the thousands of Chinese citizens visiting Athens seeking out a bargain on property, was the...

BlackRock Freezes €300 Million Mall Development Project in Athens

U.S. investment company BlackRock has decided to freeze a plan to build a mall complex in western Athens after 11 years of battling Greek...

Major Investment Project in Corfu to Start after 7 Years and 11 Appeals

The project of building a luxury resort in a ​​490-acres plot in Erimitis, in the ​​Kassiopi area of Corfu, will kick off in 2019,...

Greece’s Rents on the Rise According to Survey

According to a survey conducted by RE/MAX Greece, the rent prices in the country have increased on average by 8.4 percent compared to last...

Having Bottomed Out Since 2008, Athens’ Real Estate Market Stabilizes

As Greece officially exited its international bailout on Aug. 20, one indicator of confidence in the country is its tentatively stabilizing real estate market...

Record Number of Foreign Investors Use ‘Golden Visa’ Scheme in Greece

Record numbers of non-EU investors are granted the "Golden Visa" scheme that entitles them to a Greek residence permit in return for major investments,...

Russian Tycoon Starts €184Μ Development on Former Onassis Island

The representative of Russian magnate Dmitry Rybolovlev, who owns the Skorpios island in the Ionian Sea, said on Thursday that the 184 million euro...

More than 60,000 Properties in Greece are in Airbnb-like Platforms

More than 60,000 residential properties in Greece are listed on short-term lease platforms, like Airbnb, the president of the Hellenic Hoteliers Federation said this...

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