The Ministry of National Defense has introduced a Draft Law aimed at optimizing the operations of the Armed Forces Property Development Service (YPAAPED), with the objective of ensuring more effective management and development of military real estate assets.

Four business consortiums express interest in the competition for the development of a Business Park on the former Gkono Military Base in Thessaloniki, according to GAIAOSE.

UBS’s recently unveiled "Global Real Estate Valuation Sheet" shows that investing real estate entities exhibit moderate growth potential with an upside of 6%, supported by a strong return on equity (ROE) of 6.9% and a relatively high dividend yield of 3.7%. However, these positive indicators are somewhat offset by the high valuation, as reflected in a price-to-earnings (P/E) ratio of 21.5x, suggesting that the market may already be pricing in much of the expected future growth.

The construction of the Crete-Attica Electrical Interconnection has been completed, and after the necessary testing is finalized, it is expected to be fully operational in the spring of 2025.

Starting from January 2, 2025, the new shares of BriQ Properties will begin trading on the Athens Stock Exchange (ATHEX).

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 202 in November 2024 recorded an increase of 5.6% in comparison with November 2023. The corresponding index in November 2023 had recorded an increase of 5.7% compared with November 2022.

In Greece, the time it takes to sell a house typically ranges from six to eight months, with urban areas experiencing higher rates of turnover due to the concentration of the population. According to the Spitogatos Price Index (SPI), which aggregates data from listings on the popular real estate platform, the fastest absorption rates are seen in Thessaloniki, while the Peloponnese, Macedonia, and Epirus experience slower sales.

The signing of the contract for the crucial project of restoring the operational depths of the Port of Volos, following the severe weather events "Daniel" and "Elias," was carried out by the Strategic Importance Contracts Unit (Project Preparation Facility – PPF) of the Hellenic Republic Asset Development Fund (HRADF), with the Minister of Maritime Affairs and Insular Policy, Christos Stylianidis, and the Vice Chairwoman of the Board of Directors of the contractor company, "TEKAL," Ar. Psaltakou.

The approval for seaplane flights by the Hellenic Navy General Staff (HNGS) and the relevant authorities for the maritime area of Alimos now allows the Southern Suburbs of Athens to be served by flights to the islands of the Cyclades, Dodecanese, Sporades, Ionian, Northern Aegean, as well as coastal destinations in the Peloponnese.

The transfer of the entire real estate portfolio to Skyline Properties Sole Proprietorship S.A. has been successfully completed, following the recent Share Capital Increase undertaken by the company.

Hines announced the commencement of construction for Apollo Hills, the iconic €200 million luxury residential development located in Voula, on the Athenian Riviera.

QUARTIER GRÜNER WEG GmbH, a subsidiary of Techniki Olympiaki, has successfully acquired an office building located in close proximity to Frankfurt Airport.

Stenhus Fastigheter, owned by the Georgiadis brothers, who are also major shareholders with a 41.43% stake in Premia Properties, has been listed on the Stockholm Stock Exchange.

Premia Properties has announced the successful completion of the transaction with Nordic Leisure Travel Group.

Trastor REIC announced the achievement of the prestigious international LEED GOLD certification for one more commercial storage and distribution center, with a total area of 8,705 sq.m. in Aspropyrgos, Attica.