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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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Property sector in danger? More countries may follow Spain’s tax moves

France, Greece and Portugal could also follow Spain’s lead and potentially make significant property tax changes in an effort to tackle their respective housing crises and make real estate more affordable to residents. Following Spain’s recently proposed 100% property tax on non-EU buyers, there have been increasing concerns about other major European countries such as […]

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The Greek Property Market: A Hidden Gem for Investors . A Market on the Rise

The Greek Property Market: A Hidden Gem for Investors The Greek real estate market has shown remarkable resilience and offers immense potential for future growth. Over the last five years, the market has produced exceptional gains exceeding 70%, marking a strong recovery following the previous economic recession. According to reports from Eurobank, between 2018 and […]

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Redemption and Punishment in the Supreme Court’s Decision on the Building Regulation Code (NOK)

by Kioleoglou Konstantinos for Skai.gr The announcement of the Supreme Court’s decision on the Building Regulation Code (NOK) brought a sense of redemption for all those involved in the construction sector. Redemptive and Punitive Implications Supreme Court’s Decision on the Building Regulation Code (NOK) The announcement of the Supreme Court decision on the Building Regulation […]

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The Real Estate Market in Greece and the Athenian Riviera as a Global Real Estate Destination. Analysis by Kioleoglou Konstantino

Konstantinos Kioleoglou, Managing Partner of Avakon, analyzes the trajectory and prospects of the Greek real estate market, placing the phenomenon of the Athenian Riviera under the microscope. He examines its strengths and weaknesses in comparison to other global destinations for luxury home purchases. Konstantinos Kioleoglou, Managing Partner of Avakon, analyzes the development and prospects of […]

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Greece :Trial of the New Building Regulation (NOK 2012), Transitional Provisions, Perspectives and Implications

One of the most important trials of the last decade, which will determine the constitutionality, legality, and application of the main provisions of the New Building Code (NBC2012), began on October 11. The implications of this decision extend beyond the involved parties—the municipalities of Attica, contractors, engineers, and the Ministry of Environment—and impact citizens directly […]