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properties

Trump Ordered to Pay $354m to New York for Lying to Banks

Former President Donald Trump must pay nearly $354m to New York state for lying to banks about the values of his properties, a judge has ruled. Judge Arthur Engoron found Trump liable for fraud, conspiracy and issuing false financial statements...

Foreign Investment in Greek Properties Skyrockets in First Half of 2019

According to the latest data published recently by the Bank of Greece, the foreign capital flowing into Greece to buy properties during the first six months of 2019 showed a staggering increase of 49 percent compared to the same...

Latest Figures Show Huge Increase in Foreign Capital Buying Properties in Greece

According to the latest data published by the Bank of Greece on Wednesday, the foreign capital flowing into the country to buy properties in January 2019 showed a staggering increase of 155.7 percent over the same month in 2018. This...

Athens Real Estate Investment Climate Heats Up

According to a PricewaterhouseCoopers (PwC) report published this week, Athens climbed to 14th place in Europe from the 29th spot it held in 2017 regarding property investment prospects. The report was conducted by the London-based company for the well-known "Urban...

Albania Retreats on Threat to Seize Albanian-Greek Properties

The Albanian government has removed a clause from its Government Gazette which allowed for the arbitrary confiscation and impoundment of land and properties of Greek expatriate residents in the Himara region. An Albanian government cabinet decision published on March 29 in...

Eighty Percent of Greek Properties Bought with Cash

More than 8 out of 10 real estate transactions in Greece are now carried out using cash, with no bank involvement whatsoever, according to a survey published recently by the Association of Certified Brokers of Greece (BPOR). The survey reflects the...

Chinese Buyers Gobbling Up Greek Real Estate

The Greek real-estate boom that has been recorded in the last couple of years is continuing its trend as Chinese buyers are multiplying at a great pace, according to Carrie Law, the CEO of Juwai.com. Juwai.com is currently the largest portal...

Greek Banks Ready To Agree on New Home Protection Plan

The Hellenic Bank Association is ready to agree with the Greek government on a new plan which aims to protect the primary homes of property owners. Just as importantly, the new  plan will not create any unwanted financial side-effects,...

Piraeus Bank Online Property Auction Raises More than €6 Million

The second open e-auction held by Piraeus Bank was successfully completed on Wednesday 25 October 2017, with 57 properties sold in total. The auction was conducted via the Bank’s innovative property auction website.   A total of 216 bids were submitted...

BoG: Greeks' Investments in Homes Has Fallen 85% Since Onset of Economic Crisis

According to a Bank of Greece study, household investments in homes in Greece has decreased since 2008, up to as much as 85 percent in the fall of 2016. The first quarter of 2016 shows an estimated 1.2 billion euros...