News
Even before the grace period till end-August was granted, interest continued unabated.
Nearly half (44%) of more than 200 Greek property market executives who participated in Cerved Property Services’ annual market survey expect further growth in property prices, which is set to happen for both new-build and old homes.
The Finance Ministry presented on Thursday changes to the Golden Visa program increasing the minimum amount a third national needs to invest and secure the residence permit, in an effort to tackle the country’s housing crisis.
Bank of Greece data show 1.1 billion euros flowed into the country from abroad in January-June, up 39.5% from last year, when foreign investments amounted to €788 million. Growth accelerated in Q2, when €605.8 million was invested, for a 46.2% yearly increase. Throughout 2022 €2 billion had flowed in, up 68% from 2021
The Greek holiday home market has retained its upward momentum so far in 2023, unfazed by uncertainties in the global economy’s prospects, according to the latest quarterly analysis from Elxis, an expert realtor in the holiday homes market.
More than €1.5 bln has been invested in Greek realty for residence permits in 12 months
Greece is seeking to become a pole of attraction for digital nomads – i.e. citizens of third countries who work remotely.
Foreign investment in the Greek real estate market, especially housing, recorded an all-time high in 2022.
Property prices in central Athens have soared on high demand from third-country buyers
Euro Parliament passes regulation that bans sale or renting of homes without energy upgrade
Notaries will be able to retrieve various certificates from several state databases online
A ranking of the world’s most important residence by investment programs
Paros, Mykonos, Halkidiki and Athens among the locations with the highest growth in takings last year
Tax administration tries to reduce bureaucracy in transactions, but faces some resistance
Any developments and changes in the operating regime of short-term leases will apparently be postponed till the end of 2024.
The devastating earthquakes that hit both Turkey and Syria have turned renewed attention to hundreds of thousands of structures legalized after the fact in Greece and how structurally sound they are.
