Construction Costs up 4.5% in Q2 2023

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25.07.2023

The Price Index of Work Categories in Construction of New Residential Buildings in the 2 nd quarter 2023 compared with the 2 nd quarter 2022 recorded an increase of 4.5%. The previous year the corresponding index had recorded an increase of 6.6%.

The balance of travel services posted a surplus of €1,538.9 million in May 2023

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25.07.2023

Based on provisional data from the Bank of Greece, the balance of travel services in May 2023 showed a surplus of €1,538.9 million, up from a surplus of €1,204.0 million in May 2022.

An airplane-shaped tiny home built from the Woods' in the Woods

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25.07.2023

For a few months now, Lujzi Pados has been able to live her dream. A few months ago she asked for a little house in which she could spend time with her friends and the Hungarian architectural office Hello Wood decided to make her dream come true.

GJVS INVESTMENTS, a strong alliance vehicle for investments in tourism industry

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25.07.2023

Stavros Mitsis of Mitsis Hotels, Ioannis Michos main shareholder of Epsilon Net, Viktoras Matsas co-founder of WebHotelier and now owner of Aquerdo Software and Yiannis Giannatos owner of Panadvert International founded a new investments entity in M&As in the tourism sector.

Southern Europe recorded the largest annual decrease in total investment volume in Q2 2023

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21.07.2023

Preliminary results suggest that the total investment volume for the second quarter of the year will be around €33bn, the lowest Q2 since 2010 and will represent a 57% drop compared to the same period last year. This would bring the first half of the year volume to approximately €65bn, and will represent a 61% drop for H1 2023 compared to H1 2022.

June home sales drop to the slowest pace in 14 years in the USA

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21.07.2023

Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors.

Aristotle University's property is being converted into a boutique hotel

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21.07.2023

The property owned by the AUTH, at 2 Taskou Papageorgiou Street, will operate as a boutique hotel-type short-term rental space.

TITAN Cement Group launches Venture Capital initiative with investments in Zacua Ventures and Rondo Energy

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21.07.2023

TITAN Group announces the launch of a Venture Capital initiative aimed at fostering innovation within the construction ecosystem. Through this initiative, TITAN aims to invest up to $40 million in the medium term and forge partnerships to bolster its growth strategy.

Rents in prime residential areas increased in the first half of 2023

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20.07.2023

Rents in prime residential areas increased the most in Singapore, Lisbon and Berlin in the first half of the year, according to a new research report by real estate services company Savills.

Strong investment interest from firms in the hotel sector for the Bodosakis Mansion

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20.07.2023

Intense investment inrest from companies mainly from the hotel sector from Greece and abroad, in the first phase of the tender for the long-term lease of one of the most important buildings in Athens. The Bodosakis Mansion, on behalf of the Bodosakis Foundation, by the well-known consulting company Savills Hellas, was completed with a few days' extension.

Techniki Olympiaki finalises deal with Intrum

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20.07.2023

The portfolio of 186 properties of "Project Arrow" is being gradually transferred to Techniki Olympiaki

Turnover for enterprises in F&B Services up 7.6% in May 2023

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20.07.2023

The Hellenic Statistical Authority (ELSTAT) with a sectoral publication, presents the map with the evolution of the turnover of μenterprises classified in the Accommodation and Food and Beverage Service Activities divisions.

Overall Turnover Index in Industry down 13.7% in May

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20.07.2023

The Hellenic Statistical Authority announces the Turnover Index in Industry with base year 2015=100.0 for May 2023, the evolution of which on the basis of provisional data, is as follows:

Two big investors set foot in the so called "Athenian Riviera" beachfront

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19.07.2023

Athens Beach Club S.A. investment company and Tanweer Alliances, a film and television distribution company, have been both declared successful bidders in the tender to develop and reform the beachfront of Voula, a southern suburb of Attika.

Construction producer prices increased by 2.2 % in Europe in 4Q2022

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19.07.2023

In the first quarter of 2023, industrial producer prices fell by 2.2% compared with the last quarter of 2022. During the same period, construction producer prices increased by 2.2 % while services producer prices were up by 0.3 %.