Total air traffic is now at 95.6% of pre-COVID levels

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07.09.2023

The International Air Transport Association (IATA) announced that the post-COVID recovery momentum continued in July for passenger markets.

Works at the Thessaloniki Metro' side project on Michail Psellou Street have begun

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07.09.2023

The approval of the Metropolitan Committee of Thessaloniki was received for the environmental impact study for the project of the opening of Michail Psellou Street, which is considered an accompanying project of the Metro and is estimated to contribute to the service of Metro and bus passengers in the area of Nea Elvetia, while reducing times transfer from one means of transport to another.

Attica Group CEO Spyros Paschalis has filled his resignation the board

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07.09.2023

Today the company's Board of Directors accepted the resignation of the company's CEO, Spyros Paschalis.

Out of court debt settlements reach €2.97 billion in August

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07.09.2023

Circa 691 new successful debt settlements, that correspond to €322 million of initial debts, were finalised in the month of August through the Extrajudicial Mechanism according to data from the Ministry of Finance.

Lampsa postpones its General Assembly for a second time

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07.09.2023

The General Assembly of Lampsa has been postponed for the second time for 04/10/2023.

HRADF unseals bidding offers for the Attica Road concession contract

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07.09.2023

The Board of Directors of HRADF today unsealed the financial offers in the context of the tender process for the award of a service concession contract for the financing, operation, maintenance and exploitation of the Attica Road for a period of 25 years.

Macroeconomics and the new geopolitical order challenge real estate valuations

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07.09.2023

Economist, former adviser to the ECB board, Peter Praet and political analyst, internationalist and author, Ian Bremmer have opened the EPRA annual conference that has begun yesterday in London.

High mortgage rates in the US freeze remortgages and property transactions

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05.09.2023

A recent Zillow survey found that homeowners who report buying their home at lower mortgage rates are less likely to sell their home and move.

Fidelity and Brookfield ink deal to establish new real estate investments fund

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31.08.2023

Fidelity Investments Canada ULC (Fidelity) announced that it has entered into an agreement with Brookfield Asset Management (Brookfield), whereby Brookfield will invest in, and manage a newly formed portfolio of high quality Canadian real estate assets on behalf of Fidelity.

A renovation from scratch in the Zografou Student Residence is in progress

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29.08.2023

The project to restart the long-suffering Student Housing of Zografou University of Technology (FEZ) continues with decisive steps, after the approval of the funding of 523,180.80 euros from the Region of Attica for the selection of Consultants (Legal, Technical and Financial), the who will launch, together with the NTUA, the tender process for the selection and selection of the contractor who will undertake the study, renovation and maintenance of the emblematic building.

Soaring rents observed in prime residential markets

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29.08.2023

As with the wider property market, the prime residential market saw a continued slowdown in activity in the first half of 2023. Capital values grew on average by 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index in H1 2023, compared to growth of 0.8% in H2 2022.

Sani/Ikos on an impressive hotel ivestment in Crete

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28.08.2023

Construction works on site are estimated to begin in 2023, with the resort scheduled to open its doors in May 2025.

Cities' resilience during COVID19 and the real estate sector's role

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26.08.2023

For a while, the city looked in trouble. The Covid-19 pandemic hit large and densely populated metropolitan areas more dramatically than it did quieter, sparser locations.

Global luxury house prices recover as rate uncertainty eases

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25.08.2023

Average annual prices rose 1.5% across the 46 markets covered by the Knight Frank Prime Global Cities Index in the 12-month period to June.

Coffee offers performance boost for concrete

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24.08.2023

Engineers in Australia have found a way of making stronger concrete with roasted used-coffee grounds, to give the drink-additive a “double shot” at life and reduce waste going to landfills.