Tag: Mercan Group

According to new data from Varnavas Law Firm, a leading Greek legal practice specializing in real estate and investment immigration, the number of U.S. citizens applying for Greece’s Golden Visa through real estate investment surged by 40% in the third quarter of 2024, reflecting a growing demand from American investors. Despite the Greek government tightening […]

Tourist accommodation generated €4.893 billion in total revenue in the first eight months of the year, 7.9% more than in the same period last year. According to data from the National Statistics Institute (INE), the Algarve was the region that contributed the most to these figures. According to rapid tourism statistics, national tourist accommodation establishments […]

The World Travel & Tourism Council (WTTC) predicts that by 2035, Portugal’s travel and tourism sector is expected to represent 22.6% of its national GDP, employing 1.4 million people. The organization estimates that the travel and tourism sector should represent 62.7 billion euros, or 21.5% of Portugal’s Gross Domestic Product (GDP), representing an increase of […]

The Greek government has unveiled a comprehensive reform plan for its immigration and residence permit system, led by the Ministry of Migration and Asylum. The draft bill, expected to be submitted to Parliament for a vote in October, aims to modernize visa procedures, simplify residence permits, and enhance refugee integration into the labor market. Greek […]

According to the latest annual residential rent survey by RE/MAX Hellas, Greece’s rental market in 2025 shows a clear divergence trend. While rental growth in Attica and Thessaloniki is slowing down, other regions of the country are experiencing faster rent increases. National Trends Across Greece, the average rent increased by 4.3%, down from 5.6% in […]

As Greece’s housing shortage worsens, the government is rolling out new initiatives to address the housing crisis in Athens and other major cities. Tight supply and soaring rents have made it increasingly difficult for many families to find affordable homes. Over 5,000 Apartments in Athens Sit Empty According to the latest survey by the Athens […]

At the 25th World Travel & Tourism Council (WTTC) Global Summit held in Rome, new data revealed that Europe has once again strengthened its position as the world’s tourism powerhouse. In 2024, Europe’s travel and tourism industry contributed USD 2.7 trillion to the regional economy — 9.6% of total GDP, exceeding pre-pandemic levels by more […]

Foreign card consumption in Portugal increased 11% in the number of transactions and 4% in value in July and August, according to a SIBS study on activity recorded on the Multibanco network. This reflects the growth of international tourism in the country and also found that the leisure and restaurant sectors experienced the highest growth. […]

Portugal is rapidly solidifying its position as one of Europe’s most attractive destinations for wealth migration and lifestyle living. According to the 2025 Henley Private Wealth Migration Report released in June, the UK is expected to lose 16,500 millionaires net this year alone, following the comprehensive tax reform in the October 2024 budget. The increase […]

In recent years, seaside towns along northern Kavala, Greece—including Ofrinio (Tuzla), Iraklitsa, and Nea Peramos—have seen a significant surge in the real estate market due to a wave of Bulgarian buyers. The tranquil and picturesque coastal environment, combined with convenient transportation, makes these areas an ideal choice for vacation homes and property investment. From Tourists […]

According to the “Greece Sentiment Tracking Report Q2 2025”, jointly published by the Hellenic Tourism Organization (INSETE) and TCI Research, Greece continues to rank highly in international tourist satisfaction, with American and British visitors giving the highest scores. US and UK Visitors Lead in Satisfaction The report shows that US tourists rated their overall experience […]

According to the latest data from the Bank of Greece, the country’s tourism industry achieved a record-breaking €12.2 billion in revenue during the first seven months of 2025, marking a 12.5% year-on-year increase. This underscores the sector’s powerful contribution to the national economy. July Peak Season Performance The Greek Ministry of Tourism emphasized that these […]

Greece shines among the top destinations for high-net-worth Indian travelers, valued for its cultural heritage and luxury offerings, according to a new survey by the research, media, and investment group Hurun. The group’s India Wealth Report and Luxury Consumer Survey 2025 reveals that travel is the leading hobby for 45 percent of affluent Indians, while […]

According to the latest survey by Cerved Property Services, Greece’s commercial real estate market is showing strong growth potential, with tourism-related properties emerging as the top choice for investors. The study, which gathered insights from certified appraisers and real estate consultants across the country, highlights that demand for tourism properties will continue to rise in […]

The municipalities of Gondomar (Porto district) and Tarouca (Viseu district) recorded the highest growth in tourist overnight stays and accommodation capacity, respectively, between 2019 and 2024, according to data published on the Pordata portal. According to the data, “Gondomar is the municipality with the highest growth in tourist overnight stays between 2019 and 2024, increasing […]