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House prices rose 13.4% in 2023

Nevertheless the realty rate inflation shows signs of abating, according to the Bank of Greece Nikos Roussanoglou 06.03.2024 • 13:26     Sales prices of residential property increased last year at an average annual rate of 13.4% throughout the country, according to data from the Bank of Greece. This is even steeper than 2022, when […]

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MONEY SHOW ATHENS 2024 AVAKON

Press Release , Athens 20/4/2024 Avakon participated in the Workshop of the Hellenic Institute of Valuation (EL.I.E.) in the framework of the Money Show Athens 2024 Athens, 20 April 2024 – Avakon, one of the leading companies in the field of real estate valuation, development and management, had the honour to participate in the workshop […]

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Navigating the Greek Golden Visa Program: Understanding the Latest Changes

The allure of European residency through investment has propelled Greece’s Golden Visa program to the forefront of investor considerations. As of early 2024, the Greek government has introduced significant revisions to this sought-after program, aiming to streamline investment opportunities and stimulate economic growth. For potential investors eyeing Greece as a destination for residency, understanding these […]

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Property experts anticipate further growth in prices

Speaking to Kathimerini, Marios Rafail, head of the Geneva office at Henley & Partners, challenges the prevailing perception that the Golden Visa program has contributed to skyrocketing rental rates in Greece. Nikos Roussanoglou 22.03.2024 • 16:24   Nearly half (44%) of more than 200 Greek property market executives who participated in Cerved Property Services’ annual […]

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The German property collapse is happening in residential too

Higher interest rates have meant a 12 per cent annual decline in commercial valuations in the final quarter of last year — the largest on record, according to the association of Pfandbrief banks this week. The fallout from the implosion of René Benko’s luxury property group, Signa, has highlighted mounting distress in the commercial real […]

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UK housing is ‘worst value for money’ of any advanced economy, says thinktank

British properties are ‘expensive, cramped and ageing’ compared with other similar economies, says Resolution Foundation Mon 25 Mar 2024 01.01 CET The UK’s “expensive, cramped and ageing” housing stock fares poorly compared with other advanced countries, analysis by a thinktank suggests. Households are paying more than other countries – but getting less in return, the Resolution Foundation said. […]

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Unstoppable the real estate market of the Athenian Riviera – Not affected by the changes in the golden visa program

By Konstantinos Kioleoglou The real estate market and the real estate construction sector are important factors for the economy and for tackling unemployment in many countries. Their development brings benefits on many levels, providing jobs, boosting economic activity and facilitating citizens’ access to suitable housing. However, there is a strong concern that the rapid growth […]

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Housing market shows signs of picking up

By Kevin Peachey Cost of living correspondent Signs of life were seen in the UK housing market in the new year with a rise in the number of mortgages being approved. Activity remains weak overall, with potential buyers still nervous about high interest rates. But the latest Bank of England data shows approvals for house […]

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Savills: European buyers dominate continent’s real estate market as international buyers expected to make a splash this year

According to Savills latest research, intra-European cross border investment remains the dominant source of cross border capital, accounting for just over half of all cross-border volumes in 2023. This is the equivalent of €34bn and included significant investments from French and Spanish buyers in neighbouring countries who are expected to remain active this year. The […]

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Greece: Inside one of Europe’s last golden visa programmes and what’s set to change

Greece launched its programme in 2013 during what became the country’s 10-year financial crisis. Greece is one of the last remaining countries in Europe to offer golden visas. The controversial ‘residency by investment’ schemes allow wealthy foreigners to ‘buy’ the right to stay in a country long term. Concerns over security and inflation have led […]