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Athenian Riviera dominates luxury real estate market

The Athenian Riviera remains at the top of the demand for luxury properties, accounting for 17% of total requests for Greece, while on the contrary, interest in Mykonos seems to be declining. A key feature of 2024 was the increase in interest in luxury properties from Greeks, representing 16% of total demand. The United States […]

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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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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 […]

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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’s ‘Generation Rent’

Nikos Roussanoglou 20.10.2024 • 15:47     The number of people who have to rent their homes keep rising, as the percentage of those living in their own home is dropping. As sales prices continue their rally, meanwhile, this trend is only expected to intensify further in the coming years. According to data presented recently […]

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The Greek Real Estate Market Landscape Transformed by New Golden Visa Regime from September the first 2024

Significant changes are sweeping across Greece’s real estate market as the new Golden Visa regime takes effect from 1st September 2024. This long-anticipated shift brings with it a more demanding set of requirements for foreign investors seeking residency permits through real estate investment, signaling the government’s intent to reshape its housing policy while still maintaining […]