The Karatzis Group has announced the acquisition of the 'Knossos Royal' hotel complex from Aldemar, a company owned by the Angelopoulos family.

The Tae Kwon Do building and Nero Square are expected to be granted to the Region of Attica for the next 40 years by the Regional Development Authority, as was recently announced by Regional Governor Nikos Hardalias.

Anticipating the launch of the 'My Home 2' program, Spitogatos Insights offers a comprehensive analysis of price trends and the supply of homes for sale that align with the criteria established in the recent program announcements.

Global construction output is forecasted to grow by 1.6% in 2024, a significant slowdown from 4.1% in 2023, driven by challenging macroeconomic factors such as inflation and geopolitical uncertainties, which are expected to impact advanced economies more severely than emerging markets.

Premia Properties has formally announced its decision to undertake a share capital increase of €10.37 million, which will be entirely subscribed by NLTG HH Greece.

Net profits attributable to the shareholders of GEK TERNA Group, excluding non-operating items, increased by 29.2% during the first nine months of 2024, totaling €114.6 million, with €96.1 million generated from continuing operations.

The Natural Environment and Climate Change Organization (OFYPEKA), in partnership with the Municipality of Sfakia, is advancing initiatives to enhance the central pathway of the historic settlement of Agia Roumeli, located on the southern edge of the Samaria National Park. Additionally, the projects aim to facilitate accessibility for individuals with disabilities to certain areas of the Gorge.

COP29, held in Baku, Azerbaijan, has underscored the critical intersection of urbanization and climate action, placing significant emphasis on the real estate sector's role in achieving sustainable development. As urban areas contribute nearly 70% of global carbon emissions, the discussions at the summit revolved around decarbonizing cities, enhancing resilience, and ensuring that urban development aligns with global climate targets, including the Paris Agreement.

Today, Thursday, November 28, the closing of the transaction between GEK TERNA and Masdar for the acquisition of a majority stake in TERNA Energy is set to take place.

Deutsche Bank AG has successfully completed the sale of nearly $1 billion in loans tied to U.S. commercial real estate, thereby reducing its exposure to an asset class that had significantly impacted the bank.

According to a KPMG's analysis, Australians are increasingly using cash to renovate existing homes rather than building new ones, a trend that is contributing to the ongoing slump in housing construction.

The growth of the hotel market has decelerated over the past three years, both in terms of short-term rental accommodations and the addition of new hotel units to the country’s overall capacity.

Endless EC has successfully completed the installation and commissioning of a 950 kW photovoltaic plant at its factory in Aspropyrgos.

Tens of thousands of Spaniards gathered in central Barcelona on Saturday to protest the rapidly rising cost of apartment rentals in the city's popular tourist districts.

Eurobank's newly established Private Banking and Corporate & Investment Banking divisions in Thessaloniki are now located in a landmark building situated in the very heart of the city.