The average contract interest rate for 30-year fixed-rate mortgages falls to 7.07%

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14.12.2023

Homeowners looking to refinance are finding savings after mortgage rates dropped again last week.

REDS divests and adopts renewed investment plan

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13.12.2023

REDS is deploying fast their investment plan, according to which disinvests from specific properties and focusing on two large projects.

Trastor REIC offloads a mixed use property in Volos Magnesia

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13.12.2023

Trastor REIC announced the sale of a five-storey building Municipality of Volos, Prefecture of Magnesia, for a total price of €2,900,000.

New AI widget mAigov was launched to assist online public services in Greece

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13.12.2023

Greece's online public services platform gov.gr launched its first artificial intelligence assistant, mAIgov.gr, which was presented by Digital Governance Minister Dimitris Papastergiou on Tuesday.

Prodea's stake in the Cypriot MHV increases to 80%

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12.12.2023

Prodea Investments inks purchase agreement to acquire an additional 55% stake in the Cypriot company MHV.

Greek total value of exports-dispatches plunge 8.8% in October

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11.12.2023

The total value of imports-arrivals, in October 2023 amounted to 7,214.3 million euros (7,597.2 million dollars) in comparison with 8,955.8 million euros (8,773.3 million dollars) in October 2022, recording a drop, in euros, of 19.4%. The corresponding value excluding oil products in October 2023 recorded a drop of 362.1million euros or 6.5% and the corresponding value excluding oil products and ships in October 2023 recorded a drop of 207.6 million euros or 3.9%, in comparison with October 2022.

Greek CPI up 3% in November 2023 versus a year ago

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11.12.2023

Greek CPI in November 2023 compared with November 2022, increased by 3.0%.

First trading day for Orilina shares listed in the Athen's Stock Exchange

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11.12.2023

Orilina Properties REIC 138,218,440 common shares are now listed in the Athens Stock Exchange, after the completion of the public offering.

Titan successfully completes a €150M private placement of a new issue of Notes

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11.12.2023

Titan Global Finance Plc, a subsidiary of Titan Cement International SA (“TCI”), successfully completed a private placement of a total amount of €150 million of a new issue of Notes, guaranteed by TCI, due June 2029, with a 4.25% annual coupon.

Dutch shopping center Polderplein sold with net initial yield of 7.6%

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11.12.2023

Wereldhave has reached agreement with DELA Vastgoed B.V. (‘DELA’) regarding the acquisition of shopping center Polderplein and its parking garage in Hoofddorp (The Netherlands), with a total gross lettable area of c17,000 sqm (excluding parking).

Greece ranked amongst the top 5 of second home popular destinations

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11.12.2023

It’s no secret that Greece is more affordable than other European countries. With its ideal climate, delicious local food, and laid-back lifestyle, buyers from the UK are especially drawn to Greece.

COP28, the baton has been passed to cities and local authorities

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11.12.2023

Ministers from more than 40 governments across the world have gathered in the 28th session of the Conference of the Parties to the UN Framework Convention on Climate Change, ongoing in Dubai, the United Arab Emirates. In this context, a series of partnerships was announced by the COP28 Presidency, with the aim of accelerating the transition to zero carbon emissions and the cities' resilience to climate change.

Private equity’s increasing focus on ESG

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08.12.2023

Real estate consultancy Knight Frank recently published their first ESG Property Investor Survey, which encompassed the views of 45 investors representing around £300 billion of assets under management in Europe, aiming to understand how ESG-related themes are influencing the capital markets.

High streets rents remain unchanged in Greece

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08.12.2023

Third quarter of 2023 rentals were steady across most high streets, following on from their summer performance due to the very good tourist season.

Real estate property ownership transfers and changes brought by the new draft

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07.12.2023

The Ministry of Digital Governance's draft law "Acceleration of the procedures for the Greek Land Registry's completion" that was submitted for vote in parliament, is expected to simplify and speed up the procedures of real estate property ownership transfers.