Real estate

The inexcusable hardship that citizens face at National Cadastre offices has its roots in the very beginning of the Greek state, in its inability to draw up a registry since then in the face of strong resistance, a weak central administration and general indifference. Now Greece is trying - in a few years - to impose order on 200 years of chaos.

The desire for a more detached life after the pandemic has led to an increase in the number of rural and field sales. As the remote working model became permanent in many sectors, demand has gradually increased.

Demand for rental houses is expected to pick up further in the next couple of months, stoking concerns that tensions between landlords and tenants will only intensify.

Property prices continue to rise, but there are already signs of a slowdown in growth. It is expected to be more pronounced in the second half of the year, since the more significant increase last year was also registered then.

The center of Athens is emerging as an ideal destination for securing high yields from the utilization of residential property.

The Electronic Real Estate File will be piloted in the next few days, leading to much quicker property transfers, while the online system will be fully operational from November 1.

Foreigners residing for a long time in the southern province of Antalya have started to work illegally as real estate agents to sell or rent properties with a 10 percent commission through social media groups amid the increasing demand of Ukrainians and Russians to reside in the city.

"FORESTRY{BLACK TEXT}-KTIMATOLOGY-LEGALIZATION OF AUTHORS." Every time I see this sign on a country road I go down sometimes I try stepping into the shoes of a foreigner and wonder what they might make of it.

The residential property market of Athens ranks fourth among numerous European cities in terms of how attractive it is as a destination for investors interested in exploiting real estate, according to data prepared by investment company ProfitLevel.

Investments in Greek commercial real estate, i.e. hotels, shops, offices and warehouses, posted a new record last year, as recent data from a real estate consultancy firm show that Greek and foreign funds invested in this property category 40% more in 2022 than in 2021, reaching 1.65 billion euros.