In Greece's active housing market, over a third of respondents (36.6%) plan to relocate within two years, with a clear preference for urban housing according to a RE/MAX survey.

MYTILINEOS Energy & Metals announced the establishment of a new production unit of advanced metal constructions aiming to expand the range of manufactured products in order to exploit all possible synergies with MYTILINEOS’ existing unit in Nea Ionia, Volos.

Costa Navarino has been awarded international GEO Certified® certification for The Dunes Course and The Bay Course golf courses as part of its sustainable development commitment and implementation of sustainable practices.

The Technical Chamber of Greece is building a new, modern bioclimatic building in Maroussi which is expected to be completed by the first half of 2026. This was announced during a press event held to commemorate the 100th anniversary of TEE president George Stasinos.

AVAX was declared the temporary contractor in the tender for the upgrading of the Ioannina - Kakavia road axis.

The economic recovery and tourist arrivals have continued to pick up pace in the city center where there is an increase in demand for retail properties and a limited supply of prime spaces.

According to the 2023 Annual Survey for the Hotel Industry conducted by ITEP, the average occupancy rate of hotels during May and October has increased. This indicates a positive outlook for the tourist season and suggests the possibility of it being prolonged.

CVC, a leading global private markets manager focused on private equity, secondaries, credit and infrastructure announced the closing of its sixth Asia fund, CVC Capital Partners Asia VI ("Asia VI"), with US$6.8 billion in commitments.

Titan Cement International SA provided a Trading Update, ahead of the Group’s Full Year results on March 13th, 2024, as the preliminary unaudited results for Full Year 2023 performance exceed analysts’ and press reports’ expectations.

According to Spitogatos Insights, there is an interesting analysis of recent data on the rental and sale prices of residential and commercial properties in Piraeus and its suburbs.

Following a relevant announcement on July 29th, 2022, National Bank of Greece (“NBG”) informs investors on the completion of the Frontier II transaction, which involves the securitization of a portfolio of non-performing exposures (“NPE”) with a total gross book value of c€1b, following the receipt of all necessary approvals, including the provision of the State guarantee on the Senior notes, under the Hellenic Asset Protection Scheme (“HAPS”).

Accor has announced a 20% discount on bookings of at least two nights at nearly 2,000 participating hotels in Europe and North Africa.

Niam is pleased to announce the acquisition of a 7300 sqm office property, strategically situated in Greater Copenhagen, with Novo Nordisk, a global healthcare company as the exclusive tenant.

The Ministry of Finance submitted a bill to Parliament for coastal area and beach regulations, including new concession procedures and fines for violators.

As if the commercial real estate market weren’t in enough trouble already, there’s a new risk lurking in property portfolios.