Greek national security agencies have launched an investigation into a growing wave of land and…
Tag: property market
Greece’s real estate market continued to attract strong foreign investment throughout 2025, particularly in residential…
Sydney & Melbourne property markets are showing signs of recovery after a period of stagnation,…
The famed Stisichorou Street apartment once owned by legendary Greek actress Aliki Vougiouklaki has returned…
The Greek government has launched new social rent and housing initiatives to address the country’s deepening housing crisis. The plan mobilises unused public land and military sites to create up to 1,700 affordable housing units while introducing public-private partnerships to expand access for middle-income households.
Sydney Roosters chairman and billionaire Nick Politis has purchased Brisbane’s legendary Caxton Hotel for $50…
An Afghan family’s $1.5 million home purchase in Sydney sparked online backlash, reflecting frustration with the city’s soaring property prices. Auctioneer Tom Panos says such reactions, often racially charged, highlight the housing crisis rather than migrant issues, as buyers struggle in a market where median prices hit $1.58 million.
The Greek Golden Visa program saw a 26.5% decline in applications in June 2025, with 441 new requests compared to 600 the previous year, according to the Ministry of Migration and Asylum. This marks a shift from the surge triggered by government changes to investment thresholds since 2022. Chinese and Turkish investors continue to lead, holding 7,795 and 2,161 permits, respectively, while Attica remains the top destination. The Real Estate Committee of SAEE insists the program, which has injected over €8.5 billion into Greek real estate, does not fuel the housing crisis, with 94% of properties available for long-term rental.
Tenants must pay rent via bank transfer to qualify for a state refund of one…
Tom Panos blames tradies demanding $900/day and hesitant developers for Australia’s housing crisis, citing 40-50% higher building costs and delays as key barriers in a market locking out buyers.
A retro-styled house at 9 Manton St, Richmond, owned by the same Greek family since the 1970s, is now on the market with a price guide of $2m-$2.2m. This 550sq m property, rich in cultural heritage, has potential as a filming location for projects like ‘Wog Boy’ or Sooshi Mango sketches, thanks to its vintage features and nostalgic charm.
Retail rents in Greece’s prime shopping streets continued to rise in 2024, with Ermou Street leading at €300 per square metre. Thessaloniki’s Tsimiski Street overtook Glyfada, while other key areas also saw increases. Strong retail investment highlights the resilience of Greece’s commercial property market.
Rents in Attica have skyrocketed by up to 100% over the past eight years, pushing both low-income and middle-class households to the brink. Despite government efforts to regulate the market, demand continues to surge while wages fail to keep pace. With a severe housing shortage and thousands of vacant properties remaining off-market, Greece now holds the highest rental difficulty rate in the EU. As living costs soar, the crisis threatens to spiral further, increasing pressure on policymakers to take urgent action.
The real estate market in Greece continues to thrive, with Athens experiencing significant growth, especially along the Athenian Riviera. Emerging neighborhoods are rapidly developing, attracting investors seeking high returns. Notably, Hellinikon is set to become Europe’s first smart green city, highlighting Athens as a key investment hub.
House prices in the EU rose by 3.8% and rents by 3.2% in the third quarter of 2024 compared to 2023, with Greece standing out as the only country where rents decreased (-16%). Eurostat data highlights significant disparities, including house prices tripling in Hungary and Estonia since 2010, while Italy saw a decline.
Interest in Greece’s Golden Visa Program has increased significantly among Americans, with a 50.4% rise in searches since the recent US elections. This surge follows Spain’s announcement to end its Golden Visa, prompting many to consider Greece as an alternative European investment destination. Current investors could see substantial benefits as property values are expected to rise.
Greece’s economy is facing potential disruption as new tourism regulations could jeopardize the country’s vital…
An OECD report highlights a staggering 69% rise in Greek housing prices since 2017, worsening the affordability crisis for local families. With nearly 27% of households spending over 40% of their income on housing—compared to a eurozone average of 9.4%—Greece faces the highest housing cost burden in the EU. The report also examines the impact of foreign buyers, rising mortgage risks, and government measures like the golden visa reforms and renovation subsidies.
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.
Promising “no more vague valuations,” a new platform showcasing actual prices of houses, land, and…
A severe housing shortage in Greece has driven up rental rates, with Attica experiencing a 7.6% surge. Surprisingly, Thessaloniki has surpassed Athens in average rental price, now at €9.2 per square meter, exceeding Athens’ €8.8.
The Golden Visa program in Greece has attracted a significant increase in investment from British, American, and Israeli investors over the past year. The program offers residence permits to foreign investors who purchase property in Greece meeting certain criteria. This surge in investment is attributed to factors such as the UK’s exit from the European Union and the ongoing war in the wider region.
The Greek government is re-evaluating its approach to short-term rentals amid growing concerns over housing availability. Instead of implementing a broad cap on rental days, it is introducing targeted restrictions in highly saturated urban areas, such as central Athens and Thessaloniki. This shift aims to balance short-term and long-term rental ratios locally, based on detailed data down to the postcode level. Additionally, a new tax incentive is being proposed to encourage the conversion of vacant or short-term rental properties into long-term leases, with Prime Minister Kyriakos Mitsotakis expected to unveil these plans at the Thessaloniki International Fair.
Nick Politis, chairman of the Sydney Roosters, has acquired two Porsche dealerships in Melbourne for nearly $50 million. The properties, located in Brighton and Doncaster, were purchased from PM Group, with Penske Australia securing new 12-year leases. This deal follows Politis’ $245 million sale of Victorian car dealerships last year.
The real estate market in Greece is undergoing significant changes with the implementation of new Golden Visa rules, raising investment thresholds and affecting foreign investors outside the European Union. Specific regions now require a minimum investment of €800,000, with exceptions for certain cases.
In the first quarter of this year, house sale prices in Greece surged by 10.4%, marking the third largest increase in the European Union, according to Eurostat data. This growth highlights Greece’s robust recovery in the property market, contrasting with overall stability in Europe where prices saw modest change
Despite rising house prices and rents across the EU in Q1 2024, Greece saw a unique 19% drop in rent prices since 2010. This contrasts with the EU trend of increasing house prices and rents, highlighting varied economic conditions.
The Bank of Greece has released revised data indicating a continued rise in flat prices…
The conference and exhibition “Property Show Athens 2023” organised at the Zappeion Megaron in Athens…
Until the end of August 2023, the purchase and sale of holiday homes by foreigners…
