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Greek Real Estate Market – Building Regulation: Chaotic Interventions by the Ministry of Environment and Energy (YPEN) and Uncertainty in the Construction Sector

Almost two years after the onset of the crisis in the construction sector, the government still fails to offer a substantial and definitive solution. The inability to ensure legal certainty, equal treatment, and a stable legislative framework has deprived a highly promising market—namely, the Greek real estate and construction sector—of the necessary conditions for growth. […]

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RED Avakon Redefines Luxury Living in Athens’ Southern Suburbs

RED Avakon is redefining luxury residential living in the southern suburbs of Athens, blending minimalist design, sustainable development, and top-tier construction quality to create premium homes that harmonize with the Athenian Riviera. The unique character of the coastal landscape and the balance between controlled development and environmental protection are the keys to RED Avakon’s vision […]

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China’s property market edges toward an inflection point

UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing. Existing home sales in five major Chinese cities have climbed by more than 30% from a year ago on a weekly basis as of Wednesday, according to a CNBC analysis of data accessed via Wind […]

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These are the most competitive rental markets in the U.S.

Published Wed, Mar 5 202511:49 AM ESTUpdated Wed, Mar 5 20251:34 PM EST Diana Olick@in/dianaolick@DianaOlickCNBC@DianaOlick ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Key Points Last year, developers completed close to 600,000 multifamily units, according to the U.S. Census. Lease renewal rates rose to 63.1% in the early part of […]

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House prices feed on investment shortage

House prices have returned to where they were before the crisis, but the same has not happened with investments in the sector, which still deviate dramatically from the levels of 2007. Combined with the slow issue of housing loans, this has led to a reduced supply of properties, keeping the cost of housing high. “The […]

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NBC: The Greek Government Freezes the Real Estate Market Following the Supreme Court’s Announcement

ΝΙΚΟΣ ΧΡΙΣΤΟΦΑΚΗΣ Written by Konstantinos Kioleoglou, Civil Engineer NTUA & Managing Partner of Avakon – Real Estate Development Chaos in the Real Estate Market Following the Council of State’s Ruling on Building Code Bonuses The real estate market is in turmoil following the announcement from the Supreme Court regarding the construction incentives of the New […]

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Greece : New building regulation provisions unconstitutional, Supreme Court rules

Sofia Spingou 11.12.2024 • 17:40 Greece’s supreme administrative court, the Council of State, has ruled that key provisions of the New Building Regulation (NOK) are unconstitutional. These provisions include incentives to increase building height in exchange for enhanced energy efficiency and more communal and green spaces, which, the court ruled, violate Article 24, paragraphs 1 […]