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 […]
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 […]
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 […]
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 […]
Commercial real estate market in Greece is showing a steady upward trend, with its prospects pointing to this continuing for the next five years, with the majority of investments in the Greek market focusing on office buildings and tourist properties. Corina Saias, Managing Director of Premier Realty, highlighted that the commercial real estate market in […]
The development and sustainability of the real estate market are critical issues for the economic prosperity and sustainability of a country. Despite significant efforts in the past, the inadequacy of a stable fiscal and legislative framework has often weakened efforts to sustainably develop the real estate market. In the current era, where globalisation and […]
In an attempt to boost the Greek real estate market, PM Kyriakos Mitsotakis announced on Wednesday a three-year suspension of VAT payments on any new building permits as well as those to be made on unsold properties built after January 1, 2006. In an address to a conference hosted by The Economist magazine, Mitsotakis noted that the Greek […]
Greece’s housing market is gradually improving, holding the 48th spot among 57 global markets on residential and commercial property consultancy Knight Frank’s Global House Price rankings. The London-based agency released second trimester data for the year and according to Central Bank of Malta figures, prices increased by 17 percent year-on-year with only seven countries and territories (12 […]
