Tag: Greece

Mercan Asia thrilled to announce our entry into the Greek market with Mercan’s first flagship mega project in Piraeus – The Athens Port Residence. This 30,000 sqm complex, featuring 408 residential and retail units, is the largest project ever under the Greece Golden Visa Program. It offers a unique opportunity for international investors to secure […]

American interest in Greece’s five-year residence program, primarily based on real estate investments, is increasing due to the “Trump effect” and the impending end of Spain’s Golden Visa scheme, according to a report by a reputable international property consultancy. The analysis highlights a growing shift among Americans toward Greece as a preferred destination for alternative […]

A PwC study presented at the Greek Tourism Confederation (SETE) conference forecasts that Greece welcome approximately 41.6 million tourists in 2024, marking a 22.4% increase from the 36 million arrivals in 2023. This projection underscores the robust growth trajectory of Greece’s tourism sector, which remains a cornerstone of the nation’s economy, contributing about 13% to […]

The Port of Piraeus, Greece’s largest, has been honored as the “Ferry Shipping Port of the Year 2024” at the European Ferry Shipping Summit held in Athens. This accolade recognizes the port’s significant investments in infrastructure and modernization, particularly in cruise and ferry services. Handling approximately 20 million passengers annually, Piraeus stands as one of […]

Foreign investments in Greece’s real estate sector continue to rise sharply, with Bank of Greece data revealing €1.9 billion in inflows during the first nine months of 2024—a 17% increase compared to the same period in 2023. Given that real estate inflows totaled €2 billion for the entirety of 2023, 2024 is on track to […]

Greece has decided to extend the deadline for completing property purchase contracts under its Golden Visa program from December 31, 2024, to February 28, 2025. This extension aims to ensure the finalization of approximately 3,000 pending real estate transactions, which collectively represent an investment pipeline valued at around €750 million. The Golden Visa program is […]

Foreign buyers in Attica are opting for larger and more expensive homes compared to local Greek purchasers, according to a study by Spitogatos.gr presented by its CEO, Dimitris Melachrinos, during a recent MORE Group event. The study reveals that foreign buyers search for homes with an average asking price of €231,625, exceeding the €216,688 sought […]

Demand for housing in Greece from U.S. buyers has surged significantly following the recent presidential elections. The election results appear to have acted as a catalyst for this trend, reflecting the discontent among some Americans over the policies anticipated under the new administration. Interest in Greek properties from U.S. buyers had already been notable at […]

In a significant move to address the economic impacts of climate change, Greece’s parliament has approved new legislation that increases taxes on tourism-related activities, including short-term rentals, hotel accommodations, and cruise ship visits. These measures aim to bolster the country’s financial resilience against natural disasters while promoting sustainable tourism practices. Higher Taxes for Short-Term Rentals […]

The Struggles of Schengen Visa Applications Applying for a Schengen visa often feels like an uphill battle for Indian travelers. Applicants must present exhaustive documentation, including bank statements, tax returns, and pay slips, only to receive visas that are valid for the exact duration of their trip. For those who need to return, the process […]

The Athenian Riviera is rapidly gaining prominence on the global real estate market, attracting growing interest from international buyers. Newly constructed properties in the area are now commanding prices of €11,200 per square meter, surpassing rates in cities like Dubai (€8,400/sq.m.), Amsterdam (€9,500/sq.m.), Madrid (€7,500/sq.m.), and Barcelona (€7,400/sq.m.). According to research by Savills and Axia […]

Chinese investor interest in Greece’s real estate market remains strong, even as demand for Golden Visa properties may decline due to higher investment thresholds. The recent increase in the minimum investment amount to €800,000 for certain areas is reshaping the investor profile, favoring individuals and companies with greater financial resources over smaller investors. Stavros Monemvasiotis, […]

Greece is among the top 10 European destinations that travelers plan to visit between October 2024 and March 2025, according to the latest report from the European Travel Commission (ETC). The ETC’s “Monitoring Sentiment for Intra-European Travel” Wave 20 report reveals that 4,901 respondents from 10 key European markets — Germany, the United Kingdom, France, […]

Properties with a Category A energy certificate are valued up to 125% higher than those in the lowest category, which have typically seen no upgrades over many years, as per a study by Spitogatos.gr. Presented by Dimitris Melachrinos, Managing Director at Spitogatos, during this week’s Prodexpo real estate conference, the research underscores the considerable value […]

Attica residences now cost about 88% on average more than they did in 2017, BoG data show House sale prices in Attica have increased by 88% since the beginning of the recovery of the real estate market in 2017 and up to the second quarter of this year, based on Bank of Greece data released. […]