More than 917,000 apartment units were under construction across the US at the end of last year.

The future Meliá Bečići Budva will have 294 suites, of which 140 will be apartments measuring up to 118 sqm, all designed to adapt to the different needs of different types of travellers.

The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project (QTP) strategy

The new service will be under the General Secretariat of Tourism Policy and Development and will be responsible for new or existing main four or five stars tourist accommodation,

Lamda Development organized a second event-tour in the site.

The seller is Bain Capital that had purchased the property in 2017

Sotheby's International Realty's the Luxury Outlook report is for the first time published to cover also Greece.

Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky loans to finance office buildings, the analysts said.