Sales of previously owned homes were 4.1% lower in October

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21.11.2023

Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors.

Port master plans in Greece can now alter the planning regime

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21.11.2023

Port masterplans were granted full priority and have been upgraded in relation to existing urban and city plans in the surrounding urban areas of the Greek ports.

Premia reports 31% increase in revenue and 50% in adjusted EBITDA

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21.11.2023

PREMIA Properties announced its financial results for the period from January 1 to September 30, 2023.

THRACE GROUP reports strong profitability and resilience despite the headwinds

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21.11.2023

THRACE GROUP reported strong profitability and resilience, despite the challenges of the economic environment.

Production in construction up by 0.4% in the euro area and by 0.5% in the EU

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21.11.2023

Ανοδο της τάξης του 0,4% σημείωσε η κατασκευαστική παραγωγή στην Ευρωζώνη τον Σεπτέμβριο σε μηνιαία βάση σύμφωνα με την έκθεση της Eurostat.

Final notice to Ble Kedros REIC to demolish the top floors of Coco Mat hotel

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17.11.2023

The case of the Coco Mat hotel, owned by Ble Kedros REIC, in Acropolis is taking a new turn.

New laws to regulate real estate purchases in Greece

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16.11.2023

The draft law “Measures to limit tax evasion” that aims at handling issues of tax evasion in the country, was set by the Ministry of National Economy and Finance in public consultation, until Monday November, 27th.

European office occupancy rates keep going up

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16.11.2023

The average European office occupancy rate has increased from 55% in February 2023 to 57% in September 2023, still falling behind the pre-pandemic average of 70%

Greek Ministry of Justice inks contract for the development of the new Piraeus Courthouse premises

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16.11.2023

The Greek Ministry of Justice inks contract for the construction and purchase of the new building of the Piraeus Courthouse, through the Judicial Buildings Financing Fund (TA.X.DIK.).

Global lodging industry to remain resilient in 2024

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15.11.2023

A survey with the participation of global hotel investors was conducted by international consulting firm JLL, aiming to understand their evolving investment appetite, expectations around the industry’s recovery timeline and industry outlook.

Prodea Investments merges through absorption with three of its subsidiaries

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14.11.2023

Prodea announced the absorption of its three subsidiaries, IQ HUB, PANTERRA and THETIS Real Estate.

The challenge of borrowing for Greek REICs in an environment of rising interest rates

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14.11.2023

There are signs that soaring interest rates are here to stay for longer than initially expected and, in this condition, both European and Greek REICs are challenged to meet their liabilities.

Prime Offices or in other words "green" vacant properties

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14.11.2023

The shift towards quality in the commercial real estate market has been at the fore in recent years, but nowhere is this shift more pronounced than in offices.

European real estate market is navigating inflection point

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12.11.2023

The changing macro background to real estate has taken a heavy toll on investor sentiment, but it is not fully felt in occupier markets, according to "Emerging Trends in Real Estate Europe, 2024" report by Urban Land Institute (ULI) and PwC.

New development models from major European real estate companies

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10.11.2023

Sustainable real estate developments that are compatible with ESG standards ensure more favorable terms and lower financing costs.