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Deloitte forecasts resurgence in Greek real estate sector
The rapid and continuously evolving nature of technology is expected to create numerous opportunities in the real estate sector, based on an annual report by Deloitte, entitled “Real Estate Report”, naftemporiki.gr reports.
Greek February unemployment eases to 18.5 pct, lowest since July 2011
ATHENS, May 9 (Reuters) - Greece's jobless rate eased to 18.5 percent in February from an upwardly revised 18.6 percent in the previous month, data from the country's statistics service ELSTAT showed on Thursday.
February's unemployment rate was the lowest reading since July 2011.
World’s Best Stock Market Rally has Investors Banking on More
The country’s ASE Index has soared 26 percent, beating 93 other equity benchmarks tracked by Bloomberg, as traders embrace the strongest economic expansion since 2007 and bet on political reform. Investors are pouring money into the Mediterranean nation’s equities, and market players including Jefferies LLC, Bienville Capital Management and Piraeus Securities SA say there are more returns to be reaped.
ISAIAS MANSION
ZOIA property as part of the Athens Open weekend architectural showcase.
Neoclassical building designed by Panagiotis Zizilas in 1923 and fully renovated in 2005. Today it houses Plakas Art School.
Athens Real Estate Investment Climate Heats Up
According to a PricewaterhouseCoopers (PwC) report published this week, Athens climbed to 14th place in Europe from the 29th spot it held in 2017 regarding property investment prospects.
The report was conducted by the London-based company for the well-known “Urban Land Institute.” It notes that Greece’s emergence from the financial crisis, the country’s access to money markets, and its growth rates are crucial factors which will help the property market boom
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Athens takes a huge leap in property investor preferences
The appeal of the Greek property market, as reflected in the increase in competition among interested institutional investors, is expected to grow in the future, especially if the country’s economic recovery continues.
Property prices recorded strong growth of 7.3% in Greece last year
The sharpest increases nationwide – around 9 percent – were recorded among properties more than five years old, the category that accounted for almost 90 percent of transactions in 2018. The prices of newer residential properties rose 6.9 percent.
In Athens, the prices of properties more than five years old were up 6.9 percent, but this was overshadowed by the 10.7 percent annual hike in the prices of new homes.
Greece Is The Best Stock Market In Europe In 2019
Greece’s stock market is leading a rebound in European stocks so far in 2019.
Greece Sees Major Positive Economic Developments in February
This Friday held a positive surprise for the Greek economy, as the yield on Greece’s 10-year state bond fell to 3.647 percent, the lowest level in more than a year.
According to Greece’s state-run AMNA news agency, this is partially due to a more positive global economic outlook, derived from projections for higher global growth in the next months. The elimination of the chances for a no-deal Brexit also affected this development positively.
Athens property boom: Greeks left out as prices rise
Because prices in central Athens fell so much during the crisis - down to €1,000 per square metre or less, investors will typically purchase three or four apartments in popular tourist spots and rent them out on Airbnb.
This has caused rents to rise - by 17% last year