Announcement: Georgaki and Partners Law Firm to Participate At the MIPIM 2023 in Cannes

As a regular attendee at the prestigious MIPIM conference in Cannes, I once again found myself in the midst of a dynamic gathering of key players in the international real estate industry.

The Government Gazette(in Greek FEK) published the decision A.1043/2022, according to which the servi

Instant Offices, one of the largest companies in the field of commercial real estate management and specifically the provision of offices and business premises for rent or purchase, based in London, ranks Thessaloniki among the three best cities in the world to be a digital citizen in 2022.

More and more foreign investors are currently proceeding to significant investment activities of residential interest.

The preference of interested parties for medium-term leases has been on dynamic rise lately, especially in the major urban centers of Athens and Thessaloniki.

One more survey confirms the profitable trend of Real Estate in Greece in the area of foreign investments.

In a report, the Bank of Greece praises the positive development of the Greek real estate market and the maintenance of its high standards, despite the critical changes in the status quo of the international scene.

According to research by «Engel & Vοlkers Greece», a real estate agency with established global presence, the Real Estate Market is constantly and dynamically growing since 2021.

  The Ministries of Finance and Environment offer a new essential assistance to vendees and property owners.

The real estate market in Chalkidiki is starting off on an inclining course, following a relatively “idle” period due to Covid-19 pandemic. The numbers for 2021 were increased in comparison to 2020, whereas the demand in various areas exceeded pro-Covid rates.

According to a report issued by the National Bank of Greece on Monetary Policy, the bank institute asserts that the development of the real estate market in Greece will continue independently of any impediments which have emerged at the domestic market.

Greek properties are demonstrating a steadily ascending course based on statistical records from the third trimester of 2021, regarding both property and rental prices.

Despite the challenging social and financial landscape and the impediments emerging from the pandemic crisis, the Greek property market seems to be rapidly rebounding.

The pandemic, fortunately, did not have a negative effect on Real Estate sector in Greece, which is proven by the incredibly encouraging and promising statistical records for the first semester of 2021.

Prokopis Chatzinikolaou

The investment interest towards luxurious and high-quality holiday residencies remains substantial in Greece, even during the pandemic.

The price range in Greek property market has shown interesting fluctuations from 2011 to 2020.

In the context of the new scheme “Economize - Autonomize” and the yearly budget of Ministry of Environment and Energy for the year 2021, a total budget of 1 billion euro is about to be disposed for energy upgrade of 80.000 buildings.

Following a year of depress due to the pandemic, Russian investors are expected to operate again within the Greek Real Estate Market during 2021, for acquisition of Residential and Tourist Properties.

Following a decision by the administrator of AADE (Independent Authority of Public Revenues) Georgios Pitsilis, the following deadlines are extended until January 2021: