real estate
Greece
Rich Turks Buy EU Resident Rights by Purchasing Property in Greece
Many prosperous Turkish citizens acquire free movement in Europe, by purchasing real estate property in Greece; an act that gives them full EU resident rights, according to Deutsche Welle.
The "golden visa" that the Greek government offers to foreigners who...
Economy
Low Cost Homes to be Auctioned, Despite Government's Claim of Primary Residence Protection
Greek society continues to react as foreclosed homes that are worth less than 100,000 euros are to be auctioned, despite the Greek government's claim that primary residences worth below 300,000 euros are protected.
Several cases of foreclosed properties that are...
Economy
Data Shows Further Growth in Greek Tourism and Real Estate
Tourism is Greece's most productive industry, steadily growing over the past four years. The World Travel & Tourism Council (WTTC) says that a new boom in Greek tourism is expected in the next decade.
Services account for about 80% of...
Business
Alpha Bank Sells Serbian Real Estate Subsidiary for €8.4 million
Greece's Alpha Astika Akinita, an Alpha Bank subsidiary, said it has sold its Serbian subsidiary Alpha Real Estate to Mat Real Estate for 8.4 million euros ($9.9 million).
The transaction was carried out on November 28, Alpha Astika Akinita, a...
Economy
Chinese Investors Look for Bargains in Foreclosure Auctions in Greece
Chinese investors are embracing online foreclosure auctions in Greece, while demand for buying real estate property in Greece has gone up 158.5%, according to Juwai.com.
Juwai.com is a platform connecting international agents real estate agents and Chinese buyers. According to its...
Economy
Business Insider: Greece 9th Worst Real Estate Market
Greece is one of the worst real estate markets for 2017, ranking in 9th place with Thailand in 8th, while prices continue to fall, according to the Business Insider.
Based on a quarterly analysis by the Global Property Guide, Business...
Greece
Stores Turned Into Holiday Homes in Chalkidiki
Stores, offices and other small properties in Chalkidiki, northern Greece are being converted into residences, due to the high demand for holiday homes at low and affordable prices.
According to the president of the Chalkidiki Real Estate Agents Association, Grigoris...
Greece
5,000 Greek Properties Under the Electronic Auction System by End of 2017
Despite the SYRIZA-led government’s promises that no house will be repossessed and sold by the banks, the new system of online real estate auctions will begin in September.
Electronic auctions will take place every Wednesday, Thursday and Friday and with...
Economy
Chinese Tourists and Investors in Greece Piling Up
Chinese tourists are currently “invading” Greece in big numbers. Last year, 150,000 Chinese travelers visited the country. Usually they travel in groups, but more and more individual travelers are also arriving to the country, where appreciation for its rich...
Economy
Real Estate in Athens Sold at Ridiculous Prices Due to Crisis
Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to data posted in the General Secretariat of Information Systems.
In the first...