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Tag Archives: real estate

Bank of Greece report: Apartment prices down 1.5 pct in Q3

Nominal apartment prices are estimated to have declined on average by 1.5 pct year-on-year in the third quarter of 2016, the Bank of Greece said on Monday. The central bank, in a report, said that according to revised data, the decline in the first and second quarters of 2016 was …

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Auctions & foreclosures start with real estate, hotels & 180 sheep

It’s done. Despite the famous Greek summer, as of tomorrow, June 1st 2016, it will rain auctions and foreclosures. The relevant Presidential Decree was signed and published in the Official Gazette. Apartments, villas, land plots, hotels, ships, helicopters and yachts but also 180 sheep and poultry farm equipment with 4 …

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Troika, EU & ESM want to grab Greece’s public assets from Privatization Fund

The economic occupation of Greece is getting …better and more obvious. The Troika, the European Union and the European Stability Mechanism (ESM) have big plans concerning the real estate assets currently managed by the Greek Privatization Fund (TAIPED). According to newspaper Proto Thema that grabbed the confidential report prepared by …

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Greek water company to seize jobless man home due to € 831 debt

For a debt of 831 euro to the Public Water Company, a jobless father of two is about to lose his home. Without job for three years, the man was unable to pay utility bills. His debt to Public water company EYDAP reached 831 euro as he stopped paying since …

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Attention investors, Greece is calling: 5-year residence permit for real estate worth at least €250K

Greece repeats its formal invitation to investors granting residence permits for five years. Development Minister Costis Hatzidakis proudly announced the real estate incentives on private Mega TV on Tuesday morning. “[non-European] citizens who buy a real estate worth at least 250,000 euro will be granted a visa and residence permit for 5 years.” …

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Greek Islands for Sale: Oh, Not Again….

Long before German MP proposed the Greek state should sell islands to overcome the huge debt, some private investors had already this idea and tried to materialize it. Bloomberg’s Businessweek argues that all these “I-buy-Greek-island” initiatives failed due to legendary Greek bureaucracy.  “6,000 sun-soaked islands, most of them in private hands …

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Real Estate Scandal: They are among us…

Not the aliens! But lawyers, judges, a priest and an unknown number of civil servants forming a gang were more than they seemed to be. The story? As chilling as the film “They are among us”. At least seven lawyers, six judges,  tax officials, notaries, bank officials and bailiffs,  two policemen, a labor …

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Hollywood goes Greek Islands!

Sun, Sea and Easy Going Life…   Greek Islands have always been an attraction to Greeks and Foreigners alike. Hardly the summer has come and Hollywood stars hustle  to soak in Greek sun,  Greek sea and the notorious Greek salad. And much more than this! Hollywood stars seem willing to boost the …

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