By Prokopis Hadjinikolou Zone rates in 2,167 areas are implemented by the economic staff effectively closing the first major part of the property tax reforms. After the inclusion of the above areas in the system of objective determination of the value of real estate, almost 100% of the territory will have zone prices which even […]
Tag: Real estate
Interest from 6 big names for the First Residence Management Agency
By Leonidas Stergiou After a series of presentations abroad by officials of the Special Secretariat of Private Debt that had started before Easter, six major investment schemes expressed interest in the international competition for the Agency for the Acquisition and Re-leasing of Real Estate of Vulnerable Households of the Bankruptcy Law. These are the funds […]
Strategic agreement in real estate between Cepal Hellas and Resolute Group
Cepal Hellas, the joint venture between Alpha Bank and DK, and Resolute Asset Management Group have entered into a strategic agreement to merge their activities in the Greek property management market. The joint venture, under the name Resolute Kaican Greece S.A. (RKG) aims to consolidate the leading position of the two companies in the Greek […]
The Times: China’s Great Fall
China is being swept by a new kind of protest that is secretive, swift and difficult for the country’s Communist leaders to suppress. Tens of thousands of homebuyers are withholding mortgage payments on their unfinished homes, fearing real estate contractors are stealing their money. According to a Times report by author Ian Williams, mortgage defaults […]
Evergrande filed preliminary proposals for the restructuring of its debt
China Evergrande Group, the world’s most heavily indebted construction company at the center of a wider debt crisis in China’s real estate industry, has presented preliminary proposals to restructure its offshore debt, Bloomberg reports. The company said it may offer some assets outside China to repay creditors, including stakes in its electric vehicle and property […]
Chalkidiki: 8 out of 10 planned real estate sales to Russians remained on ‘paper’ due to war
It is estimated that, due to the war in Ukraine, almost eight out of ten real estate sales agreements in Halkidiki, which were “in the works” with Russian buyers, remained on the “papers”, mainly due to the restrictions on the transfer of money to Europe. At the same time, transactions with prospective buyers from Ukraine […]
US: Pending home sales fall 8.6% in June vs. -2% expected
Pending US home sales fell sharply in June. The dollar index remains stable around 107.00. Monthly data published by the National Association of Agents real estate showed on Wednesday that pending home sales decreased by 8.6% in monthly terms in June, after growing 0.4% in May. This data was much worse than the market expectation […]
Strong demand for holiday homes in Greece
The Greek holiday home market remains one of the most dynamic segments of domestic real estate that gathers the greatest growth prospects, with the increased demand predicted to continue and in several areas to be strengthened due to the many infrastructure projects underway, such as resulting from a nationwide survey carried out by RE/MAX Hellas. […]
Extremely resilient real estate market despite new challenges
At the center of investment interest is still the real estate market in our country despite the new challenges that have appeared at the international and European level. But what are the trends in the individual sectors of the real estate market and how is investment interest formed? According to the Research and Analysis Department […]
Property taxation proposals from the OECD
The regular readjustment of property prices, on which property tax is imposed, and the reduction of taxation in housing transactions is proposed, among other things, by the OECD in its latest report (Housing Taxation in OECD Countries). To increase efficiency in the labor market and strengthen equality, the OECD also suggests that countries consider limiting […]