Tag: Mercan Asia

In the first quarter of 2025, residential property prices in the northern suburbs of Athens continued their upward trajectory. The latest data reveals that the average price in the area has reached €3,222 per square meter, representing a 7.4% increase compared to €3,000/m² in the same period of 2024. This rise is primarily driven by […]

According to the 2024 annual tourism report by INSETE, the research arm of the Greek Tourism Confederation (SETE), Germany and the UK remain the top sources of inbound tourism to Greece, while Bulgaria ranks third thanks to convenient land access. The report provides detailed insights into visitor numbers, length of stay, and tourism revenue across […]

More and more diaspora Greeks invest back in their homeland, as the search for a quality lifestyle meets the opportunities of the Greek real estate market. Behind every purchase, there is something deeper: A need to go back to the roots. As Corina Saia, CEO of a real estate company, reports, in recent years there […]

To strengthen oversight of the real estate market and curb tax evasion, Greece’s Ministry of Finance is promoting a major reform: starting in 2026, rent payments will be completely prohibited in cash and must be made through bank transfers. This new regulation will apply to all residential and commercial leases nationwide. Important Notice for Landlords […]

As the 2025 peak tourism season approaches, Athens International Airport is witnessing significant growth in both international connectivity and passenger capacity. The airport has welcomed five new international airlines—including China’s Sichuan Airlines—further solidifying its strategic role as a regional aviation hub. In addition, Athens and the Chinese city of Shanghai have officially signed a three-year […]

Following a period of strong growth, Greece’s real estate market set a new record in 2025, with the total value of properties nationwide reaching €777.8 billion—an increase of €5.9 billion compared to 2024. This growth reflects the ongoing upward trend in the real estate market and the renewed confidence of investors. Attica Leads the Nation, […]

As global talent mobility reshapes the landscape of work and life, Athens has emerged as a standout in the 2025 ranking of the most affordable cities for expatriates. According to a recent report by digital remittance service provider Remitly, the Greek capital ranks seventh globally in terms of relocation costs, making it an ideal choice […]

Investors from countries in Western Europe have increased their purchases by up to 103% Buyers from the European Union are becoming the driving force of foreign investment activity for the acquisition of real estate in Greece. This trend had already been evident since 2024, despite the unfavorable macroeconomic environment and the increase in interest rates, […]

The direct contribution of tourism to the Greek economy in 2024 is estimated at 30.2 billion euros. This stems from the study by the Institute of the Greek Tourism Confederation (INSETE) on “The Contribution of Tourism to the Greek Economy in 2024,” according to which, if the indirect contribution of the sector is also taken […]

Sunshine, warmth, an active outdoor lifestyle, and affordable, high-quality food and wine are what many of us seek when it comes to retirement. Increasingly, according to the organisers of the Moving to Portugal Show and Seminars, Irish retirees are turning to Portugal to provide all of these elements during their retirement. Financial considerations are also […]

Athens, May 2025 — Greek Finance Minister Kyriakos Pierrakakis has officially announced that Greece plans to repay its first tranche of international bailout loans by 2031, a full decade ahead of schedule. In an interview with Bloomberg, Pierrakakis emphasized that this early repayment marks a major milestone in Greece’s economic turnaround and underscores the country’s […]

According to the latest report from the European Travel Commission (ETC), Greece was named one of Europe’s top five best-value travel destinations for Q1 2025 (January–March), alongside Italy, Cyprus, Malta, and San Marino. This recognition comes amid a modest 4.9% overall increase in international tourist arrivals across Europe, highlighting Greece’s sustained appeal to value-conscious travelers […]

At a time when housing costs have skyrocketed across Greece, official tax data reveal a widespread phenomenon of tax evasion in the rental sector. The discrepancy between the amounts declared in tax returns and the actual prices prevailing in the real estate market is indicative. According to data drawn from taxpayers’ declarations for the years […]

Portugal has been ranked as the top destination in Europe to retire to and the second in the world according to the latest Annual Global Retirement Index from International Living. The Annual Global Retirement Index is considered to be the most “comprehensive and practical tool of its kind” and draws on the first-hand experiences of […]

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, […]