The Greek Deal.com
REAL ESTATE
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.
Changes in objective values in 12 municipalities
Twelve municipalities across the country that have progressed to the next level of scrutiny by Ministry of Finance private appraisers assert a decline in real estate's objective values.
Average increase of 12% in sales prices for the year 2023
RE/MAX Hellas records a noticeable rise in real estate sales prices for 2023.