Hotels in Europe: markets and prospects
According to the UN World Tourism Organization (UNWTO), in 2016 the number of tourists traveling abroad broke a new record: 1.235 billion people. Nearly half of them (615 million) traveled…

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Wealthy Russian investors in Germany: a Tranio study
In 2017, the company Tranio studied the audience of investors from Russia and other countries of the former USSR, buying in Germany profitable real estate worth from 1 million euros.…

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Parliamentary elections in the UK: how will the results affect the real estate market?
According to the results of the parliamentary elections in Great Britain, none of the parties won enough seats in the House of Commons for an absolute majority. The legislature of…

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annual increase

Property Maintenance in Greece

The maintenance of an apartment in Athens costs on average from 700 to 1.8 thousand euros, villas on the islands – from 1.5 to 15 thousand euros. The main items of expenditure are taxes and utilities.

Taxes
All property owners in Greece, including foreigners, pay an annual tax, which consists of two parts – the main and additional. Continue reading

Property prices in Greece 2017–2018

Greece owns more than 6 thousand islands, but only on 227 of them people live. Rhodes, Lesbos, Corfu, Santorini and Mykonos are the most popular islands among wealthy property buyers.

The cost per square meter in Greece is lower than in most European countries: in many locations the price does not exceed 1 thousand euros. Another argument in favor of Greece is the possibility of obtaining a European residence permit when purchasing an object with a value of 250 thousand euros or more. Continue reading

Golden Visa Effect: How Passport Sales Impacted European Property Markets

The 2008 crisis hit most European real estate markets. One of the measures that a number of countries resorted to in an attempt to support the flow of investment was the “golden visa” program, under which governments issued passports and a residence permit in exchange for the purchase of real estate. Continue reading

Investment flows in the global market
Last year, a significant increase in foreign investment was noted in several real estate markets. More and more investors are investing in real estate abroad in order to diversify their…

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Self-governing mobile homes: how unmanned vehicles will change the real estate market
Self-governing transport is already a reality. Driverless taxis drive around Pittsburgh, San Francisco and Singapore. In Colorado, the first delivery was made by an unmanned truck, and in London an…

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Street retail in Athens: focus on the center and prosperous suburbs
Since 2010, the Greek government has taken many measures to reduce public debt and budget deficits. They have already brought the first results: according to the IMF estimates, GDP growth…

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