Demand for holiday homes across the Mediterranean has soared during the pandemic, with Greece, Spain and France the most popular destinations. Mykonos, Paros and Santorini have emerged as top destinations. Despite the pandemic, property prices have generally remained stable or even increased, and as a result yields are typically lower compared to 2019. Increased demand for luxury properties, especially in expensive destinations, has resulted in higher prices and lower yields .
Sissi Lignou, President of the Hellenic Association of Professional Congress Organizers (Hellenic Association of Professional Congress Organizers) said, at a special event held in a central hotel in Athens, that revenue from conference tourism for 2022 is estimated at €1.7 billion and there are optimistic projections for 2023 as well.
Electricity tariffs for retail customers have been reduced by approximately 25% relative to September. The energy supplying firms announced adjusted pricing that will be effective from this October.
H. K. Tegopoulos' industrial property based in Koropi at "NISIZA KARELA" region will be e-auctioned with an initial bid price of €10.95 million.
Following an agreement with ANEK's creditors and shareholders Attica Group proceeded, with the decision to absorb the Cretan company through a merger.
Noval Property has announced that its BoD granted an extension to the Initial Public Offering deadline.
The underground section of Patriarchou Konstantinou Street in the municipality of N. Philadelphia - N. Chalkidonas was delivered to users by the Region of Attica, a particularly important intervention accompanying the main project, the AEK stadium.
In the January-July 2022 period, the current account deficit grew year-on-year, chiefly owing to a worsening in the balance of goods and the primary income account, which was offset to a degree by an improvement in the balance of services and the secondary income account.
DeA Capital has signed a strategic joint venture agreement with Europa Capital to develop the French real estate market, with a particular focus on the industrial logistics sector, a booming asset class across the European real estate market.
For six more months, Greek companies managed to keep channels open with their customers abroad and remain reliable suppliers despite the obstacles raised by the effects of the war in Ukraine (high inflation, energy crisis, etc.).
The main infrastructure projects in the large project of Ellinikon are progressing at a feverish pace with AVAX, which has been responsible for the development works of the first phase, progressing the demolition of the old buildings and the construction of the first building that will house the four disabled associations is in progress.
"Egnatia Odos SA" announced the operation of two Side Toll Stations (PSD) in the shortrun.
MEAG has acquired the World Port Center (worldportcenter.com) in Rotterdam, the Netherlands, for a special real estate fund in which Munich Re Group investors are invested.
CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a portfolio of two residential assets currently under construction in Barcelona and Badalona.
In June 2022, SABO S.A. undertook another project for Wienerberger, the largest manufacturer of construction materials worldwide.