several times less than in many European
Greece is one of the last real estate markets in Europe, where the monetary “drought” continues and the market has not started to grow since 2008. Athens real estate prices are 42% below pre-crisis levels.
Changes in property prices in Europe Continue reading
Afghanistan, torn apart by internal strife for decades, is still home to nearly 30 million people. More than a third of them (according to the World Bank for 2014) live below the poverty line: in fact, they are deprived of the opportunity to satisfy basic food and shelter needs. In 2016, Afghanistan ranked 23rd in the ranking of the poorest countries in the world according to Global Finance Magazine and 7th among the most corrupt countries in the world in the rating of Transparency International. Continue reading
The decline in the Greek economy, which began in 2009, is slowing. The IMF predicts GDP growth already this year, and the unemployment rate has been slowly but surely falling for the last couple of years. In a survey conducted by PwC, today’s Greece is called “more modern” and they note interest in Athens by international investors: the Middle East consortium bought Astir Palace Hotel in Athens, businessmen from Qatar and Dubai are planning a project for the redevelopment of the former Ellinikon Airport. Continue reading