Headwinds in the European residential market-The case of Greece

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06.11.2023

Europe's housing market appears to be at its worst, with millions of first-time homebuilders facing a decades-long collapse in the construction industry.

Sappho Stream to be restored with NSRF financing

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03.11.2023

The anti-flood works for the regulation of the Sappho Stream in Marousi, amounting to €24,452,800, are to be included in the NSRF Program "Environment and Climate Change".

Aria Hotels inaugurates new boutique hotel in Thisio

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02.11.2023

Aria Hotels is expanding its portfolio in Athens with the Aria Boutique Hotel located on Andrianou Street in Thisio.

The changes that the new draft Law brings in for real estate transactions

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02.11.2023

The draft law of the Ministry of Digital Governance, which was presented to the cabinet and which is expected to be immediately put to public consultation, aims at faster transfers of real estate, in combination with the reduction of bureaucracy with the abolition of TAP

International hotel chains are expanding in Greece while Greek hospitality brands gain traction abroad

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02.11.2023

Greek hotel brands that have joined an international chain have popped by 80% in the last five years. According to a recent analysis by GBR Consulting, 160 hotels are operating today under international brand names, offering a total number of 26,540 rooms, and are part of one of the 35 international chains that currently operate in Greece.

The HRADF receives one offer for the concession of Argostoli Marina

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02.11.2023

The Hellenic Republic Asset Development Fund (HRADF), a member company of GROWTHFUND – The National Fund of Greece, received on Wednesday, November 1, 2023, one offer in the tender process

New taxation method will be adopted for self employed individuals incorporating in Greece

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01.11.2023

Profits from the business activity of self-employed individuals will now be taxed with reference to the minimum wage. The new system will be applied to sole proprietorships, excluding farmers and the self-employed with APY.

Super prime office rents in London’s West End are expected to hit highs by the end of 2024

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01.11.2023

BNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300 per sq ft by December 2024, as it says demand continues to outstrip the constrained supply of space.

Premia offloads Votanikos suburb based industrial property

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01.11.2023

Premia Properties proceeded with the sale of a property on 166 Orfeos Street in Votanikos-Elaion for a price of €5.5 million.

Next Generations survey: What do young Greeks want and how they envision their future

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01.11.2023

Young adults in Germany, Greece, Italy, Poland and the United Kingdom share a deep sense of anxiety about the future.

Accor Group reports 13% jump in third quarter revenue

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01.11.2023

Hotel demand remained very strong throughout Q3 with RevPAR up 15% compared with prior year despite a very high comparable basis (RevPAR in Q3 2022 was up 14% compared with Q3 2019).

Brookfield and the Qatar Investment Authority have committed £400M to Canary Wharf Group

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01.11.2023

Canary Wharf Group (“CWG”), the developer of the largest urban regeneration project in Europe, announced that its shareholders, Brookfield and the Qatar Investment Authority, have committed £400 million to the company by way of a £300 million equity subscription and a £100 million revolving credit facility.

Rising interest rates are curbing demand for mortgages

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01.11.2023

Activity in the housing market keeps declining in an environment of rising interest rates, which is reflected in a decline in mortgage approvals.

Price range for Trade Estates offering was set at €1.92 to €2.13

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31.10.2023

The sale price of the 28,169,015 Trade Estates shares that will be sold as part of the public offer for the entry of REIC to the Athens Stock Exchange will vary between 1.92 euros and 2.13 euros.

Noval disposes of real estate asset in Ioannina

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31.10.2023

Noval Property announced the sale of an industrial building of a built area of 3,850.27 sqm on a plot of land of 9,736.66 sqm located in the area of “Rapsista” of the Municipal Unit of Anatoli, in the Municipality of Ioannina.