Greece will end inherited debt liability for heirs from September under a major inheritance law…
Tag: real estate
Greek national security agencies have launched an investigation into a growing wave of land and…
The volume of private construction activity in Greece increased by 5.3% in September, according to…
Greece’s transformation from a “crisis case study” to a “success story of strong recovery and…
In 1967, when the band was at the peak of their success, they travelled to Greece in July and almost bought an island on the spot.
The resale of a luxury residence is far more than a routine real estate transaction;…
Greece is attracting more than 1,200 millionaires annually, bringing billions in assets and investing in real estate, startups, and tourism. With tax incentives, lifestyle appeal, and successful migration programs, Greece ranks 8th worldwide for wealthy relocations.
The Independent Authority for Public Revenue (AADE) has stepped up property auctions, intensifying pressure on…
The Greek government has announced a major overhaul of its Golden Visa program, aiming to…
A Cyprus court sentenced Israeli businessman Shimon Mistriel Aykout to five years for illegally developing Greek Cypriot-owned land in northern Cyprus, highlighting the contentious property rights dispute stemming from the island’s 1974 division.
The Greek government is tackling its severe housing crisis with social housing and social renting initiatives, utilizing neglected public assets and inactive military sites. However, complex property ownership and slow licensing processes pose challenges, while a Prosperty study highlights supply-demand mismatches and calls for transparency and innovative policies.
Greece is tightening rules on short-term rentals, extending the ban on new Airbnbs in central Athens until 2026 while considering similar restrictions in tourist hotspots like Santorini, Thessaloniki, and Chania. From October 1, 2025, stricter safety standards, inspections, and heavy fines will apply to all rental properties.
Greece’s Golden Visa program sees a 31% surge in 2025, with 17,254 visas issued by July, driven by investors from Turkey, Israel, and China, boosting real estate and local business.
Greece ranks among the top countries in Europe for homeownership, with nearly 40% of Greeks owning two properties. But empty homes, rising prices, and a shortage of affordable rentals are fuelling debate over stricter housing regulations.
Zach Hristodoulopoulos, a Gen Z Aussie of Greek heritage, transformed from a semi-professional soccer player to a property mogul, building a $5 million portfolio before 30. His “ugly duckling” strategy—buying undervalued homes in prime Adelaide locations—proves that strategic action and relentless learning can make the Australian property dream a reality for young investors.
As Greek students gear up for the new academic year, they face a daunting housing crisis. Skyrocketing rents, up 11.3% in a year, and a severe shortage of affordable homes have turned the search for student accommodation into a costly struggle. In Athens’ Zografou, a 50-square-meter apartment costs at least €550 monthly, while in Patras, similar units fetch €550 or more. With limited supply and wages failing to keep pace, families are pushed to their financial limits, prompting urgent calls for government action to build dormitories and offer rental relief.
The Antetokounmpo brothers, led by Giannis, are building a diverse business empire spanning real estate, technology, healthcare, fashion, and sports. Through GFI Ltd, they acquired a 2% stake in Premia for €3.3 million and the Village
Greece has surged into the top ten destinations for the world’s ultra-rich, with the Athenian Riviera and Cyclades islands becoming hotspots for luxury property investments. According to the Henley Private Wealth Migration Report 2025, over 142,000 millionaires are relocating globally, drawn by Greece’s Golden Visa program, Mediterranean charm, and favorable tax policies. As the global elite redefine homeownership, Greece shines as a beacon of opportunity and timeless allure.
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.
Property owners with high rental income are forming companies to slash taxes, paying only 22% on net income instead of up to 45%. This strategy, used by over 5,000 new property management companies annually, allows deductions for expenses like cleaning and management fees, especially for short-term rentals.
Premia Properties welcomes NBA star Giannis Antetokounmpo, the Sklavenitis family, and Giorgos Daskalakis as new shareholders in a €40M capital increase, alongside a €64M hotel acquisition in Gran Canaria to boost its tourism portfolio.
Forbes’ 2025 list highlights 125 foreign-born U.S. billionaires, including three Greeks: John Catsimatidis, C. Dean Metropoulos, and George Marcus. With a record $1.3 trillion in combined wealth, these self-made immigrants from 43 countries, led by Elon Musk, showcase the drive and resilience of the immigrant mindset in building fortunes in technology, finance, and real estate.
In Greece, a savvy loophole in the Golden Visa program allows investors to secure EU residency for just €250,000 by converting commercial properties into homes. Despite stricter rules to tackle the housing crisis, demand remains strong, especially from Chinese, Turkish, and Lebanese buyers. “It’s the new golden path for middle-class investors,” says real estate expert Markos Lianos, as developers streamline the process with modern apartments and visa support.
Goldman Sachs has reportedly pulled out of a high-profile hotel venture in northern Greece, selling three seaside resorts after facing major delays and cost overruns. The \$117 million project, aimed at launching a Mediterranean hotel brand, was quietly abandoned, marking a rare setback for the U.S. investment bank’s push into European hospitality.
Greece’s Golden Visa program sees a 28.5% drop in applications in April 2025, the first decline since 2022, despite a surge in property purchases driven by earlier investment threshold changes.
The Australian Financial Review’s 2025 Rich List spotlights 12 Greek Australians among the nation’s 200 wealthiest, with Dennis Bastas ($2.93bn) and Nick Politis ($2.58bn) leading the group. The list’s total wealth rose 6.9% to $667.8 billion, driven by resources ($141bn) and property ($125.8bn). From pharmaceuticals to automotive and real estate, these Greek Australians showcase diverse success.
The AADE has introduced a 60-day review period for property transfer declarations, mandating digital submission via myPROPERTY. Certified notaries prepare declarations, with tax authorities verifying accuracy within strict deadlines, effective April 29, 2025.
Attica property owners bear 53% of Greece’s €2.3 billion ENFIA tax, despite representing only a third of property owners. Greece’s real estate has an objective value of €777.8 billion, with commercial values exceeding €1.1 trillion, driven by a 30% price surge since January 2022.
Seven entities, including AIR CANTEEN A.E., ATHENS BEACH CLUB S.A., and FAIS HOLDINGS S.A., have submitted bids for a 20-year lease of the iconic 72,700-square-meter “Akti Vouliagmeni” beach in Athens’ Vari-Voula-Vouliagmeni municipality. The site, part of the Athenian Riviera, welcomed 420,000 visitors in 2024 and offers potential for 2,000 square meters of new construction.
A 41.32-hectare site in Austral, Sydney, sold for $119.5M to Castle Group, marking one of the region’s largest land deals. The sale, facilitated by Colliers and Oliveri Capital for Hellenic Village, will enable a 550-home master-planned community, boosting South-West Sydney’s growth near the Western Sydney Airport and Aerotropolis.
