Tag: Greece

Greece’s tourism sector recorded another year of growth in 2024, welcoming 40.7 million international travelers – a 12.8 percent increase over 2023 – and generating 21.6 billion euros in total travel receipts, according to final data released by the Bank of Greece. The total surplus in the balance of travel services reached 18.8 billion euros, […]

According to authoritative Greek media sources, the Ministry of Finance is drafting a tax reduction scheme targeting individual landlords, aiming to revitalize the rental market by lowering the tax rates on rental income. Finance Minister Kostis Hatzidakis (note: the original mentions “Πιερακάκης,” possibly a misattribution or newer minister) confirmed that the new policy will restructure […]

Turks and Cypriots considerably increased their investment in Greek property last year The increase in foreign investment in the Greek realty market was considerable in 2024, reaching a new all-time high mainly thanks to the increase in inflows from European countries. According to Bank of Greece data, a total of 990 million euros flowed in from […]

Air travel demand in Greece ahead of this year’s Easter holiday (April 20) is surging, with both domestic and international flights showing high occupancy levels. Ranging from 75 to 95 percent, the surge is driven by the overlap of Orthodox and Catholic Easter, encouraging strong travel interest among Greek passengers and international visitors alike. According […]

Greece is experiencing a surge in travel demand from the United States this summer, with scheduled airline seat capacity from the market up by 18.6 percent compared to 2024, reaching approximately 727,000 seats. The increase underscores the growing importance of the American market, which has become Greece’s third largest in terms of tourism revenue – […]

More and more people are interested in acquiring a property, not to meet their needs, but as an investment. Although the average rent is approaching the monthly installment of a mortgage, the difficulty of accessing the housing market due to high sales prices remains. These are some of the conclusions emerging from the nationwide survey […]

Direct takings from tourism in the accommodation business, that is activities related to hotels and short-term rentals, exceeded 15 billion euros last year. This amount is expected to increase by between 5% and 8% to exceed €16 billion in this year’s tourism season, as the number of visitors is expected to reach 36 million people. […]

Mercan Group’s First Project in Greece: A Prime Location on the Ionian Riviera Located on the golden northern coast of Corfu, Greece, a brand-new resort—Acharavi Corfu Hotel—officially opened its doors in 2024. Developed and funded by international hotel developer Mercan Group, the project blends modern comfort, traditional charm, and sustainable values to deliver an immersive […]

Greece has recently been building a name for luxury holidays, away from the traditional, low-cost sea-and-sun pattern of last century, offering greater value for money than its regional rivals. A recent survey by Kinglike Concierge shows that Greece is now the best-priced destination for five-star accommodation in Europe, with a week’s luxury holiday costing $200 less than […]

Last year residential rates expanded by 8.7% from 2023 across Greece, per the central bank House prices showed an increase of 6.6% nationwide and 6.2% in Attica in the fourth quarter of 2024, according to the indices compiled by the Bank of Greece. The growth rate continued to slow in Q4 although it certainly remains […]

As lifestyles continue to evolve in the post-pandemic era, homebuyers in Greece and across Europe are demonstrating new standards and preferences when selecting residential properties, particularly for second homes or vacation houses. The 2024 European Housing Trends Report, commissioned by RE/MAX Europe and conducted by Opinium Research, surveyed over 20,000 European adults, revealing key shifts […]

Greece’s real estate sector now accounts for nearly half of all investment from abroad Realty has become Greece’s primary magnet for foreign capital, with nearly half of all foreign direct investment (FDI) over the past two years flowing into property acquisitions, particularly residential realty. According to a recent analysis by the Center for Planning and […]

The Greek cruise industry set a new record in 2024, surpassing the previous year’s figures in total visitor arrivals across 48 Greek ports, as reported by the Hellenic Ports Association (ELIME). The industry’s growth continues, with forecasts predicting a 10 percent increase in arrivals for 2025, according to the association. In 2024, Greece welcomed 5,490 […]

In the commercial real estate market in Athens, which, with their conversion into residences, maintains the limit of 250,000 euros, the interest of foreign investors is shifting, while areas near Athens and Thessaloniki are increasingly gaining ground where the new limits require purchases of 800,000 euros for the coveted “passport”. Notaries are recording increased interest […]

Therefore, if an investor bought an asset five years ago, if they have rented it out they will have recorded a major rise in rental income. The greater Piraeus area posted the biggest increase with 84%, as the average asking price for a home now stands at 2,483 euros per square meter, from €1,350/sq.m. five […]