Real estate

Tenants of an apartment building, which was bent like a vulgar Tower of Pisa due to the construction of another building on adjacent property, are continuing to live there despite the risks of the total collapse of the structure.

The four-story building in Istanbul’s industrial eastern suburb of Gebze is being propped up by a crane by the contractors to prevent it from collapse.

By Nikos Roussanoglou

Local construction firms are considering an investment switch to luxury homes to respond to the growing demand by non-European Union citizens for this category of properties that come with a residence permit.

By Nikos Roussanoglou

Greece’s zoning laws are to be made much more flexible, according to draft legislation prepared by the Environment Ministry and put to public consultation on Thursday.

In Q1 2014, Bulgaria's municipal authorities have issued building permits for the construction of 1015 residential buildings, 44 office buildings and 917 other buildings.

LUCANI - A commission tasked with assessing damage to agricultural crops has submitted to the Serbian government a preliminary report estimating the damage caused by floods in the Lucani municipality to be RSD 46 million.

Sales of residential properties in the center of Sofia in Q1 2014 have doubled, compared to Q4 2013, shows data of the real estate company Adres. 

More than 30% of the purchases were for over EUR 100 000 and around 20% of the buyers got the property for investment purposes. 

Pangaea REIC, the real estate investment trust owned by Invel Real Estate Partners and the National Bank of Greece SA, aims to raise about 1 billion euros ($1.4 billion) to invest in Greece and Italy, three people with knowledge of the matter said.