The Greek Deal.com
REAL ESTATE
Plans to expand its investment in Greece
Saudi Arabian real estate company Dar Global has announced plans to expand its investment in the US and Greece, following the Dubai-based development company's agreement with the Trump Organization.
Strong interest and first transactions for offices and apartments in the new Minion
The first transactions, for the time being, in office space in the area of Omonia around the former Minion department store for satisfactory prices are now a fact, as are the renovation and redevelopment of the complex.
6.3% increase in insured homes for weather and earthquake
Greece's rate of residential insurance coverage is 18.3%, as of December 31, 2023, as opposed to 18.2%.
Purchase of two new buildings in Athens - to be used as hotels
Blend Development expands its portfolio with the successful completion of the purchase of two buildings located at 74 Syngrou Avenue and 30 Pireos & Geraniou Streets.
Sold property for €6.3 million
Klοukinas-Lappas announced the sale of a property, with a total surface area of 3.230,75 sq.m. located in the Municipality of Tavros, for a total price of €6.300.000.
SWOT Hospitality agreement with Olympic Committee for the Civitel Building in Maroussi
SWOT Hospitality now owns the building, which currently operates as Civitel, on Kifissias Avenue in Maroussi.
Demand soared in the first half of 2024
In comparison to the same period in 2023, the first half of 2024 shows a significantly higher transaction volume, with sales values rising by 90%.
Shift from Greek buyers to smaller houses
Larger properties are primarily chosen for owner-occupation, but Greek buyers are gravitating toward smaller properties, primarily seeking investment opportunities that can guarantee future capital gains.
Acquired an office building on Vouliagmenis Avenue for €4 million
BriQ Properties has acquired a detached office building located at 152 Vouliagmenis Avenue, Glyfada, for a sum of €4 million.
Apartment prices up 10.4% in Q1
According to a report released by the bank of Greece on Tuesday, there was an average 10.4% increase in apartment prices during the first quarter of 2024 when compared to the same period in 2023.
"Packages" of public real estate will be sold in tenders
The announcement of tenders for the development of public property in "packages" and not for each property separately, in order for the process to proceed more quickly and efficiently, announced the Minister of National Economy and Finance, Kostis Hatzidakis, at the Hellenic Public Property conference.