Real estate

Last year, the Romanian office market fell by 36% from a record 470,000 square meters in 2019 to 300,000 square meters, real estate consulting company JLL Romania announced on Tuesday. According to the quoted source, the areas include transactions carried out through agents and those concluded directly between the landlords and tenants.

Turkey's sixth mall library, which will host literary and artistic events, music performances and work-shops, has recently opened in Istanbul's Sultangazi district. Vega Istanbul AVM Library covers an area of 258 square meters with 5,000 works.

As of Monday, the Hellenic Land Registry website www.ktimanet.gr is to start posting cadastral data for the Municipality of Athens. Authorities are calling on more than half a million citizens who have declared ownership of properties within the municipality to check the accuracy of the data recorded ahead of its finalization.

Cadastral data for the Municipality of Athens will start being posted online as of June 1 on the Hellenic Land Registry website.

Shopping centers, department stores and retail parks opened on Monday for the first time since March 14, when they had been ordered to close by the government.
Their reopening came two weeks earlier than originally planned, but with strict rules such as the compulsory use of face masks not only by staff but also shoppers.

Authorities in Istanbul have introduced stricter measures, particularly for the use of air conditioners and shopper traffic inside the venues, for the city's malls after people swarmed shopping centers and social distancing rules were largely violated after they reopened on May 11 as part of the "normalization program."

People have flocked to barbers, hairdressers and shopping malls after they opened on May 11 as part of the first phase of Turkey's normalization plan.

But Turkish Health Minister Fahrettin Koca criticized some photos of people lining up without face masks and waiting in long queues outside several malls while not heeding social distancing rules.

Demand for summerhouses and other types of single-detached dwellings has risen due to the coronavirus pandemic, according to an executive of a real estate appraisal portal.

The average price of a detached house has soared 25 percent since March 10, when the first COVID-19 case was confirmed in Turkey, Endeksa.com co-founder and general manager Görkem Öğüt said on April 29.

Finance minister Christos Staikouras welcomed the results of the historic Eurogroup pandemic rescue package which he depicted as a satisfactory but hardly optimal compromise.

Staikouras said that Greece's three main demands were met.

The first is direct liquidity for businesses which will not be laid out through banks.

Leftist opposition SYRIZA on Monday presented a 10-point plan to shield the economy from the effects of the coronavirus epidemic, drawing on funds from the cash buffer left over from Greece's bailout, and European Union and European Central Bank resources.