REAL ESTATE

ENGLISH EDITION

Despite increases, renting in Athens is far cheaper than elsewhere in Europe

Figures from HousingAnywhere show that renting a place in London costs nearly 1,750 euros per month. In Barcelona, a Mediterranean city that also has a tourism-driven economy similar to Athens', the cost reaches 1,250 euros per month.

10 Φεβ 2020 11:30

ENGLISH EDITION

Greece's holiday home market hot, yields beat Nice and Saint Tropez

In a report, Algean said there was strong demand in areas of high tourist interest, either by the seaside or on mainland Greece, last year. Mykonos, Paros, and Santorini were once again top picks for foreign buyers, while next on the list came Corfu, Rhodes, Chalkidiki, and Crete

05 Φεβ 2020 13:53

ENGLISH EDITION

Blueground to move into 50 cities by 2023

The company has raised 78 million dollars in capital, is currently present in 12 cities across three continents and is targetting the management of 50,000 apartments by 2023, up from 3,300 today, in 50 cities. Blueground is an example of a successful start-up and managed in 2019 to raise more money than any other Greek start-up, in funds reaching 62.7 million euros.

28 Ιαν 2020 14:50

ENGLISH EDITION

Million euro property investments prompt Patision St makeover

A major makeover is taking place at Patision street, one of the busiest streets in central Athens. Four new property investments (and possibly a fifth) are set to take place on the street with most located on the stretch between Omonia square and the Athens University of Economics and Business (AUEB).

13 Ιαν 2020 16:01

ENGLISH EDITION

Lamda Development says net profits up 13.5 pct in Jan-Sept 2019

Turnover of the company's shopping centers rose 2.5 pct compared with the same period in 2018, with average occupance reaching 99 pct. Net Loan to Value ratio was 38.1 pct, while the company's share price was 8.23 euros at the closing of December 31, 2019, up 53.4 pct from a year earlier.

11 Ιαν 2020 11:58

ENGLISH EDITION

ING: Greek real estate to rank among Europe's best in 2020

In a report, ING said that price growth in Greece, France, and Italy will outperform levels seen in 2019. In Greece, the report said, "there was a clear turnaround in 2019 and we expect that the recovery will continue in 2020," with prices forecast to advance by nearly six percent.

07 Ιαν 2020 14:40

ENGLISH EDITION

Lamda Development: Full coverage of the share capital increase in cash

Specifically, the SCI was subscribed by approximately 1.1 times as investor demand amounted to 105,737,572 shares. 99.14 pct was covered by subscriptions by investors exercising the pre-emption right with the payment of a total amount of 644,415,560.90 euros corresponding to 96,181,427 new common registered voting shares.

18 Δεκ 2019 07:32

ENGLISH EDITION

Companies with 800 mln euros of property head to Athens bourse

While four real estate investment companies (REICs) are set to enter the Athens bourse with assets of more than 800 million euros, experts believe that due to positive momentum in the sector more REICs will be formed in Greece in 2020, with an emphasis on residential housing, as thousands of apartments will be taken over by funds and banks.

28 Νοε 2019 14:51

ENGLISH EDITION

Hellinikon complex to include 10,800 apartments

The construction of apartments on the Hellinikon complex will add enormous value to the project, as outlined by Lamda Development in its prospectus for the company's upcoming 650 million euro rights issue. The company plans to build 10,800 apartments at Hellinikon with an average size of 110 square meters each.

27 Νοε 2019 15:16

ENGLISH EDITION

Briq eyes fresh real estate deals from 50 mln share capital hike

Real estate investment company (REIC) Briq plans to invest most of the 50.7 million euros it will raise from an upcoming rights issue on new property, with the balance going to pay down debts. According to the prospectus, the company has already signed an initial agreement to buy a building located at 67 Aiolou street, central Athens, for 6.5 million euros.

26 Νοε 2019 12:05

ENGLISH EDITION

Office deals hit record high in 2019

The number of deals being done on office buildings in Greece is expected to hit a new high in 2019, in what is likely to considerably exceed the 500 million euro mark. An increase in the number of modern offices going under the hammer, in combination with higher demand, has prompted a spike in deals being completed in this segment of the market.

15 Νοε 2019 12:58

ENGLISH EDITION

Copelouzos group quietly becomes key player in real estate

The Copelouzos group as the company builds on its presence in the market is been evolving into a key player in the real estate market in Greece by taking projects that worth hunderds of millions of euros through Redex all over Greece while the company has teamed up with Viohalko, which belongs to the Stasinopoulos group.

07 Νοε 2019 11:25