Greece & Real Estate
Wednesday, 13 July 2016
Property rentals have served as a "life jacket" for the Greek real estate market during the last seven years of crisis, as economic asphyxiation has pushed those seeking residence to prefer to rent than buy.
Friday, 10 July 2015
Research on online real estate in Greece reveals sharp decline in domestic searches (-40%), boom from abroad (+60%)
Online searches of properties in Greece have increased from all countries, except Germany (-5%)
Athens, July 9 2015 – Whilst the spotlight of politics and the world economy is fully focused on Greece, the Greek real estate market is also in agitation: awaiting future developments, not only for Greece but also for the whole European Union, interest in the case of Greece real estate has grown enormously.
Friday, 26 June 2009
By Niki Kitsantonis
ATHENS — Increasing numbers of affluent Europeans are buying or building luxury properties on the Greek islands, even as the market for top-end holiday homes in other European destinations like Spain and Bulgaria remains stalled, Greek real estate agents say.
Sunday, 10 May 2009Generally speaking Greek people are warm and friendly and the concept of filoxenia is happily alive and well. Families tend to build for themselves and do not buy and sell as frequently as in other countries in an effort to climb the property ladder, which means there are plenty of properties to modernize or land on which to build. Additionally, there are no state handouts or accommodation granted for those who are homeless or unemployed, which means no resentment at state funds being allocated to non-Greek persons. In the villages most people are happy the older properties are being renovated and brought back to life.