A tendering procedure has been launched today, Tuesday 23 July 2024, for the implementation of the first phase of the Ministry of National Defence Housing Programme, funded by the Public Investment Programme, with a budget of 100 million euro.

Lamda Development has announced the signing of preliminary sale agreements for five plots of land in The Elliniko at four times more the acquisition price.

The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings in June 2024 recorded an increase of 5.4% in comparison with June 2023. The corresponding index in June 2023 had recorded an increase of 7.6% compared with June 2022.

Hurdles ahead for the rest of the year according to CRE leaders sentiment tracked by Knight Frank survey; despite a multi-magnitude improvement in the macroeconomic environment.

Avignon Capital has sold the ‘Staybridge Suites the Hague Parliament’ hotel in The Hague, the Netherlands.

The 4th most expensive country in Europe for this summer in terms of the average rental price of accommodation available for short-term rental, with the average price reaching €253, more expensive than Spain's €236 according to recent data from AirDNA.

The port of Heraklion changes following the acquisition of a majority stake by Italian Grimaldi Group.

The European Investment Bank is discussing financing possibilities for social and affordable housing projects in Greece.

Companies and banks worldwide have been reportedly hit by a mass IT outage, leading to grounded flights.

Launching one of the largest tenders in recent years, Growthfund and the Hellenic Public Properties Company (HPPC) are set to revolutionize public property utilization. This tender involves mapping, segmenting, valuing, and maturing approximately 36,000 public properties managed by HPPC.

The listed real estate industry in Europe is experiencing a shift to adapt to changing market dynamics. In particular, strong demographic drivers and technological advancement are boosting the growth of some niche property sectors, while transforming them into new real alternatives for all types of investors looking for portfolio diversification in the medium and long term.

In 2023, 9.5% of the EU population were unable to afford a meal containing meat, fish or a vegetarian equivalent every second day, 1.2 percentage points (pp) higher compared with 2022 (8.3%).

The Crown Estate has unveiled details of its pipeline of developments in London’s West End. The first three projects, which have a Gross Development Value of over £430 million, will deliver 250,000 sq ft of office, leisure and retail space in the heart of the Capital, helping to stimulate the renewal of the West End, attract global investment and contribute to the wider success of London.

Last week marked the completion of Nautical NDSM, a new urban block located on the iconic NDSM Wharf on the northern banks of the River IJ in Amsterdam.

Globalworth, the largest owner of office buildings in Romania, announced that it is selling part of its logistics portfolio in Romania to CTP, the largest developer in this segment. The transaction value could exceed EUR 170 million, according to Economica.net.