Home inspection

An association of the Capital Markets Board (SPK) has intensified its investigations on both the real estate sector and entities producing valuation reports after extensive profiteering and manipulations were detected, particularly in property sales to foreigners seeking Turkish citizenship, a senior official has said.

According to preliminary data of the National Statistical Institute, in the fourth quarter of 2019, the number of newly built residential buildings was 1,057 and the newly built dwellings in them were 4,474. Compared to the fourth quarter of 2018, the buildings were by 335 more (or by 46.4%), and the newly built dwellings in them increased by 2,101, or by 88.5%.

According to preliminary data of the National Statistical Institute in the first quarter of 2019 the number of newly built residential buildings was 635 and the newly built dwellings in them were 2 453, reported the National Statistical Institute (NSI).

Chartered surveyors are undertaking the difficult task of adjusting the property rates used for taxation purposes (known as "objective values") for 2018.

Amid concerns over a rise in migrant arrivals from Turkey, staff at Greece's reception and identification centers (RICs), commonly known as "hot spots," wrote to Migration Minister Yiannis Mouzalas to complain about deteriorating conditions on the island facilities.