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Greek Property Market Bouncing Back, Prices on the Rise

Greece’s property market is showing signs of recovery with prices moving upward by 1 percent and set to rise further, according to RE/MAX Greece.
Posted On 28 Mar 2018
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Robust Revenue for Fraport in 2017 Driven by Greek Airports

Fraport Group announced strong revenue for 2017 driven by significant traffic growth at its airports, with those in Greece boosting revenue by 234.9 million euros.
Posted On 21 Mar 2018
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Greece Finalizes Airbnb Online Registration Platform

Property owners leasing their homes via Airbnb or other platforms will be required within the month to register all rental activity on an electronic registry.
Posted On 13 Mar 2018
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Demand for Athens Center Property Peaks

Demand for Athens center properties is increasing with investors planning to transform their buys into offices, boutique hotels and Airbnb-style units.
Posted On 12 Mar 2018
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PwC: Greece’s Incomplete Infrastructure Works Worth €18.7bn

The backlog of infrastructure projects in Greece has grown to 18.7 billion euros, according to a study released by PwC Greece.
Posted On 05 Mar 2018
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Greece Real Estate Attracting Foreign Capital Inflows

Foreign investors injected the Greek economy with 503 million euros in capital in 2017 for the purchase of property, according to Bank of Greece data, marking an 86.5 percent increase compared to 2016, the highest in the last decade.
Posted On 01 Mar 2018
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The Hellinikon project. Photo Source: https://thehellinikon.com
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Greece’s Hellinikon Tourism Project Gets High Court Approval

The Council of State has decided that the presidential decree for the development of Athens former airport into a multipurpose resort area is legal.
Posted On 23 Feb 2018
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Fourth Tranche for Greece Hinges on Hellinikon Project Approval

The Hellinikon investment project, set to be developed at the former Athens airport, is still hinging on the approval of the Council of State.
Posted On 20 Feb 2018
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Foreign Real Estate Agents Eyeing Greek Market

Foreign real estate agencies are aiming to get a bite out of Greece's booming market by offering their services to buyers seeking for properties in Athens and other destinations.
Posted On 20 Feb 2018
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Athens, Greece. Photo Source: http://www.athensattica.gr
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UBS: Greece Set for Bailout Exit ‘Healthier’ than Expected

Greece is set to exit its bailout program and move towards growth in 2018 and 2019, according to a report by Swiss financial services provider UBS.
Posted On 09 Feb 2018
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Privatizations Set to Boost Greek State Coffers by €2bn

Greece’s international lenders and the government are estimating that privatization projects will boost state coffers by some 2 billion euros this year.
Posted On 29 Jan 2018
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Amsterdam to Impose 30-day Limit on Airbnb-style Rentals

In efforts to rein in short-term home rentals, officials in Amsterdam said the city would be imposing a cap of 30 nights per year as of 2019.
Posted On 12 Jan 2018
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Greek Taxmen May Pose as Tourists to Worm Out Illegal Airbnb Rentals

Greek taxmen may go undercover as tourists and conduct on-the-spot checks to ferret out sharing economy lodgings that are operating illegally.
Posted On 09 Jan 2018
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Greece is an Attractive Investment Destination, Says PM Tsipras

Greece is returning to growth and has become an attractive investment destination, according to Prime Minister Alexis Tsipras.
Posted On 06 Dec 2017
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Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.
Posted On 07 Nov 2017
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Fraport Greece Airports Boost Parent Company Profits

Fraport Greece has boosted German operator Fraport’s turnover by approximately 181.4 million euros since April, when it took over 14 Greek regional airports.
Posted On 03 Nov 2017
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Greek Deposit Inflows Slowly Picking Up Pace

Private sector deposits at Greek banks picked up pace in the summer months on back of improved tourism figures and following the third bailout deal.
Posted On 28 Aug 2017
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Levy on Short-term Rentals to Boost Greek State Coffers by €48 million

Annual income earned from Airbnb-style rentals is set to be taxed up to 45 percent, boosting state coffers by some 48 million euros in 2018.
Posted On 25 Jul 2017
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Greek Gov’t Can Collect Up to €48m in 2018 by Taxing Airbnb-style Rentals

A total of 48 million euros is estimated to go into Greek state coffers in 2018 according to a document released, revealing a set of 140 EU requirements Greece must implement.
Posted On 10 May 2017
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IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.
Posted On 26 Apr 2017
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