Analysis
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  News Economy  |  Analysis
2022 has been a record year for the Greek RE market

According to KPMG, the total assets held by Greek REICs have grown significantly over the last 5 years, with the appraised value of real estate assets and revenues more than doubling over this period.

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Turnover of enterprises in Accommodation Activities recorded a 6.3% increase

Enterprises in Food and Beverage Service Activities turnover in July 2023 amounted to €1,957,019,771.

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UBS: Global cities property prices and valuations have fallen and further corrections are imminent

On average of all cities, within the past year, inflation-adjusted home prices have seen the sharpest drop since the global financial crisis in 2008 according to the UBS Global Real Estate Bubble Index.

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Increased travel receipts in the seven months period to July

Exports declined by 14.4% at current prices (‑5.4% at constant prices) and imports fell by 14.8% at current prices.

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Overall Turnover Index in Industry plunges 10,2% in July

The Overall Turnover Index in Industry in July 2023, compared with June 2023, recorded an increase of 6.2%.

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 China's property sector worsened in August

For August, property investment fell for the 18th straight month, down 19.1% year-on-year from a 17.8% slump the previous month.

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The Athenian Riviera outpaces the traditionally sought-after Mykonos

Viewings have increased in the first half of 2023 vs the same period last year, partly linked to the increased number of leads according to Sotheby’s International Realty.

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Greek CPI increased by 2.7% in August 2023 vesrus a year ago

The Overall CPI remained unchanged in August 2023, compared with the corresponding index in July 2023.