Tag: Mercan Asia

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 […]

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 […]

The Algarve region of Portugal experienced a significant increase in hotel room occupancy during November 2024, rising by 8.9% compared to the same period last year. According to the Association of Hotels and Tourist Enterprises of the Algarve (AHETA), the occupancy rate for the month stood at 43.3%, up from 39.8% in 2023. This figure […]

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 […]

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, […]

Portugal’s tourism sector is on track for another record year, potentially surpassing 2023’s remarkable performance. While initially projected to stabilize, 2024 has seen continued growth, driven by increasing visitor numbers and stays. Entering the final months of 2024, Portugal’s tourism sector is surpassing expectations, positioning the year to potentially outperform the record-breaking numbers seen in […]

The Renaissance Porto Lapa Hotel has earned international acclaim at the 2024 World Luxury Awards: Luxury City Hotel and Luxury Conference & Event Hotel. These prestigious awards celebrate the hotel’s exceptional leisure and business hospitality standards, positioning it as one of Porto’s premier destinations for travelers and event organizers alike. Located in the vibrant Lapa […]

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 […]

Some areas of high demand for holiday homes, especially from foreigners, along with some properties in the municipality of Thessaloniki, now appear to be more expensive than central Athens, with sale prices having recorded a significant rally in recent years. Although a similar phenomenon had previously been observed in Athens, due to the explosion of […]

October 8th marked the first chapter in the Algarve region for Mercan Group, with the Groundbreaking Ceremony for the first stone of the Lagos Marina Hotel project targeting an investment of 107.8 million euros. This development in Lagos, Algarve, will result in two hotels: the five-star Lagos Marina Hotel, Curio Collection by Hilton, and the […]

In September, Mercan Group opened two new hotels Holiday Inn Express Porto-Boavista in Porto city and Holiday Inn Express Évora in the historic city of Évora, in the Alentejo region, will operate under the IHG Hotels & Resorts brand, one of the most prestigious global hotel brands Holiday Inn Express Porto The Mercan Group has […]

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. […]

Lisbon has won the award for Best MICE Destination in Europe at the 5th edition of the World MICE Awards, beating the cities of Athens, Berlin, Istanbul, London, Madrid, Milan, Paris, and Vienna, which were also competing. The MICE (Meetings, Incentives, Conferences and Exhibitions) segment contributes significantly to tourism revenue and the consequent development of […]

The new Mercan Group’ 4-star hotel – Holiday Inn Beja – was officially inaugurated yesterday, September 10, in a ceremony attended by local delegates, including the Mayor of Beja, Paulo Arsénio, and representatives from the Mercan Group – Mr. Jordi Vilanova, and Mariano Faz – President of AHM. This hotel represents a €16.8 million investment […]