REAL ESTATE

ENGLISH EDITION

Prodea pushes back 500 mln euro share capital hike amidst turmoil

The company estimates that the properties facing the risk of a drop in revenues are its retail stores and hotels, which account for some 15% of total income. On the positive side, the country appears able to return to more normal conditions by the end of May, which means that the negative impact will not be longer than two months, company officials added.

14 Απρ 2020 14:48

ENGLISH EDITION

While real estate investors brace for bad times, some go bargain hunting

As economists struggle to estimate the magnitude of the fallout from the coronavirus, two-thirds of real estate investors see it as having a moderate impact on the market, according to a sentiment index put together by Savills. In this survey, held in 24 countries, 29 percent of respondents said they see the crisis as having a severe negative impact on real estate.

13 Απρ 2020 12:54

ENGLISH EDITION

Cross-border property deals freeze; Greece's REICs to play key role

According to a report from BNP Paribas Real Estate on the impact the pandemic is having on global real estate, it is estimated that for at least the next six months, ie for the second and third quarters, investment activity will enter hibernation mode.

08 Απρ 2020 15:32

ENGLISH EDITION

Housing bubble bursts in southern, central Athens; rents drop again

In the center of Athens, there was an annual drop of 4.7 percent, while in the fourth quarter of 2019, rents gave up 6.2 percent. Now, the average monthly rent is 9.44 euros/sq.m. versus 9.9 euros/sq.m. in the first quarter of last year. Respectively, in the southern suburbs, rents eased 1.1 percent, extending a 0.9 percent drop booked in the previous three-month period.

07 Απρ 2020 14:51

ENGLISH EDITION

Petsas: We are examining the extension of first residence protection after April 30

He said that Europe got out of all the major crises stronger and referred to the need for closer cooperation and also the issue of a eurobond. On the repatriation of Greeks, he said that the government wants to keep the coronavirus away from Greece. Only those suffering from a serious health problem certified by a doctor will return to Greece.

28 Μαρ 2020 17:56

ΕΠΙΧΕΙΡΗΣΕΙΣ

Επενδύσεις... κατά ριπάς σε ακίνητα από την αμερικανική Hines

Ξενοδοχεία στην Κρήτη, μετατροπή του Odeon της Συγγρού σε ξενοδοχείο, εμπορικό πάρκο στο ακίνητο Μουζάκη, μετατροπή του Athens Heart σε εκπτωτικό κέντρο και σχέδια για το Βοτανικό από την αμερικανική Hines.

16 Φεβ 2020 09:05

ΠΟΛΙΤΙΚΗ

Στήριξη στο real estate με φορολογικά μέτρα

Σειρά μέτρων, φορολογικού και όχι μόνο, χαρακτήρα σχεδιάζει η κυβέρνηση προκειμένου να ενισχύσει τον τομέα των ακινήτων, σύμφωνα με τον υπουργό Ανάπτυξης και Επενδύσεων.

11 Φεβ 2020 18:34

ENGLISH EDITION

Despite increases, renting in Athens is far cheaper than elsewhere in Europe

Figures from HousingAnywhere show that renting a place in London costs nearly 1,750 euros per month. In Barcelona, a Mediterranean city that also has a tourism-driven economy similar to Athens', the cost reaches 1,250 euros per month.

10 Φεβ 2020 11:30

ENGLISH EDITION

Greece's holiday home market hot, yields beat Nice and Saint Tropez

In a report, Algean said there was strong demand in areas of high tourist interest, either by the seaside or on mainland Greece, last year. Mykonos, Paros, and Santorini were once again top picks for foreign buyers, while next on the list came Corfu, Rhodes, Chalkidiki, and Crete

05 Φεβ 2020 13:53

ENGLISH EDITION

Blueground to move into 50 cities by 2023

The company has raised 78 million dollars in capital, is currently present in 12 cities across three continents and is targetting the management of 50,000 apartments by 2023, up from 3,300 today, in 50 cities. Blueground is an example of a successful start-up and managed in 2019 to raise more money than any other Greek start-up, in funds reaching 62.7 million euros.

28 Ιαν 2020 14:50

ENGLISH EDITION

Million euro property investments prompt Patision St makeover

A major makeover is taking place at Patision street, one of the busiest streets in central Athens. Four new property investments (and possibly a fifth) are set to take place on the street with most located on the stretch between Omonia square and the Athens University of Economics and Business (AUEB).

13 Ιαν 2020 16:01

ENGLISH EDITION

Lamda Development says net profits up 13.5 pct in Jan-Sept 2019

Turnover of the company's shopping centers rose 2.5 pct compared with the same period in 2018, with average occupance reaching 99 pct. Net Loan to Value ratio was 38.1 pct, while the company's share price was 8.23 euros at the closing of December 31, 2019, up 53.4 pct from a year earlier.

11 Ιαν 2020 11:58