Elounda Hills, a prestigious luxury resort and residential development in Crete, has received official approval from the Greek government. This significant milestone paves the way for the realization of this ambitious project, which is set to redefine luxury living in the Mediterranean.
Tag: investment
Wyndham Hotels & Resorts is expanding its presence in Greece with three new hotels planned for Piraeus, Halkidiki, and Attica between 2025 and 2026. This expansion builds upon the company’s existing 13 properties in the country and reflects its commitment to Greece as a key growth market in the tourism sector.
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A painting by the renowned Greek modernist Yiannis Tsarouchis sold for 572,000 euros in Paris, marking the highest auction price for the artist’s work. The successful Bonhams and Art Expertise auction saw significant interest in Greek art, with notable pieces by Yiannis Moralis, Nikos Hadjikyriakos-Ghika, and others contributing to a total revenue of 3,000,000 euros.
Following Donald Trump’s recent election victory, an increasing number of affluent Americans are considering European relocation through Golden Visa programs, with Greece emerging as a top destination.
Amazon invests in three Greek wind farms to power its operations and support Greece’s renewable energy goals. The projects, developed by Aer Soléir, will generate clean energy equivalent to powering nearly 200,000 homes and create hundreds of jobs. This investment aligns with Amazon’s Climate Pledge and Greece’s National Energy and Climate Plan.
A luxury Athens residence overlooking the Acropolis has been listed for a record-breaking €300 million, making it the most expensive property in Greece and one of the priciest worldwide. The 3,300-square-meter home boasts unparalleled views and a price tag of €90,900 per square meter.
Data4 has launched a €300 million project in Greece, building its first of potentially four data centers near Athens. This investment underscores Greece’s growing importance as a digital infrastructure hub connecting Europe, Asia, and Africa, fueled by increasing subsea cable connectivity and a rapidly expanding data center market.
Prime Minister Kyriakos Mitsotakis highlighted Greece’s strides in artificial intelligence at the Future Unfold conference in Athens, emphasising the country’s shift from follower to leader in state-citizen communication. He also discussed Greece’s economic recovery, investment growth, and the importance of strengthening its strategic partnership with the United States, while urging the EU to enhance defence spending for greater strategic autonomy.
Promising “no more vague valuations,” a new platform showcasing actual prices of houses, land, and…
Greece is likely to end its Golden Visa program’s real estate investment option in January 2025 to combat its housing crisis. This follows similar moves by Portugal and Spain, and reflects a shift towards attracting investment in startups rather than property.
A wave of over €78 billion in investment has revitalized the Greek economy, fueling a surge in market activity and demonstrating renewed confidence in the country’s post-crisis recovery. The Athens Stock Exchange is at the heart of this transformation, with IPOs, acquisitions, and bond issuances driving growth and solidifying Greece’s position as an attractive investment destination.
Greece’s Hellenic Republic Asset Development Fund (HRADF) has signed a 40-year sub-concession agreement with Lamda Corfu Marina for the construction and management of a Mega Yachts Marina in Corfu. With an investment exceeding €50 million, the marina will feature 410 berths for yachts up to 140 metres, marking Greece’s largest greenfield marina project in two decades.
In his weekly Facebook post, Prime Minister Kyriakos Mitsotakis highlighted the government’s strategic efforts to…
Greek National Economy and Finance Minister Kostis Hatzidakis will attend the annual IMF and World Bank meetings in Washington this week. He will participate in key discussions on climate action, the global economy, and Ukraine. Hatzidakis will also hold talks with IMF Managing Director Kristalina Georgieva and meet with top investment and banking leaders.
Greek shipowners are making significant investments in liquefied natural gas (LNG) vessels, positioning themselves at the forefront of the growing global LNG market. This investment surge reflects the Greek shipping industry’s diversification beyond traditional tanker, bulker, and container assets.
Greece has seen significant growth in investment volume, recording the largest percentage increase in the EU. However, it still ranks last among EU countries for investment as a percentage of GDP, with only 14% compared to the EU average of 21.8%. Despite recent improvements, Greece’s public debt remains the highest in the EU, raising concerns about the sustainability of its economic progress.
Greece’s private school market is experiencing a boom in investment as international funds target the education sector, fueled by surging demand and expanding opportunities. Acquisitions, new school openings, and rising enrollment numbers paint a clear picture of growth, with investors eyeing opportunities across the country.
A new real estate company, ‘Owners,’ is introducing the concept of co-ownership of luxury vacation homes to the Greek market. This innovative model allows multiple buyers to purchase shares in a luxury property, providing a more affordable option for those seeking a holiday home.
The Latsis family office has made a significant investment in the Greek economy, acquiring a 10% stake in Attiki Odos, the country’s busiest toll road. This move further solidifies the Latsis family’s position as a major player in the Greek shipping and investment landscape.