The Central Bank of the Republic of Cyprus expressed concern about the sharp increase in property prices in the country. The financial regulator has talked about introducing control over the cost of housing. Particular attention is required for pricing in certain areas of the Mediterranean island.
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Financial institutions in the world are actively introducing online advisors that can determine the individual needs of the client and offer him suitable products and solutions. The popularity of online banking is growing rapidly. Therefore, Greek banks are trying to comply with global trends, gradually introducing virtual innovations.
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Investors' confidence in the prospects of the Greek real estate market and price stability have led to increased demand for new real estate. Demand for the residential sector has returned to the pre-crisis level. And according to the Bank of Greece, foreign direct investment in real estate has already amounted to € 0,5 billion.
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Compared to other European countries, Greece has the lowest density of shopping centers. In terms of 1000 inhabitants, it is only 57 m2.
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The court was won by the initiators of the construction. There was an opportunity for the speedy implementation of an investment project – Lamda Development will be able to rent the territory of the airport and begin construction.
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Grekodom Development implements the Kriaritsi project * in an ecologically clean area on the Sithonia peninsula. This month, construction of two more houses has been completed. On August 14, the keys to the completed facilities were officially handed over to the owners. They belong to the first phase of construction.
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Bain Capital * announced a tender for the sale of the first batch of Greek real estate, which was previously used as collateral. Various properties include a loan portfolio. His Bain Capital acquired in 2018.
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Do you dream of having your own house or apartment with mountain or sea views? Do you want your children to grow up in comfortable climatic and environmental conditions? We recommend a closer look at real estate in Cyprus. Fresh bonus for potential owners – more loyal conditions for obtaining a mortgage loan.
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The German-Greek consortium Fraport Greece was established in 2015. He is involved in the management, modernization, and development of 14 regional airports in Greece – Aktion, Chania, Corfu, Kavala, Kefalonia, Kos, Lesbos, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki, Zakynthos. Recently, the concern informed about revenue growth for 2018 and a decrease in profitability.
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The new Prime Minister of Greece, Kyriakos Mitsotakis, informed Parliament of the launch of five major projects developed for Athens and Thessaloniki. These projects will allow you to change the appearance of historical sites and entire residential areas.
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More recently, due to the low accreditation of universities, many young Cypriots were forced to leave to study in neighboring countries. Today, the situation has changed radically – higher education institutions of the Republic of Cyprus are confidently competing in the international education market.
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The Cyprus Electricity Company has lowered the tariff for services by as much as 5.5% to 3.27 cents.
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The good news for lovers of quality relaxation on the Olympic Coast is the replenishment of the Bomo hotel chain. The new 4-star Bomo Danai Hotel & Spa opened its doors to guests. The hotel for romantic and family vacations became the 28th in the network's collection.
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The Assumption of the Blessed Virgin Mary is one of the largest religious holidays in Greece. In importance, he is not inferior to Easter. Therefore, the Greeks are fasting, and in honor of the Blessed Virgin Mary, they organize a solemn church procession.
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Greece has successfully overcome the crisis and paid off with international lenders. The development of the tourism industry, the “Golden” visa program, which allows you to obtain the right to permanent residence in Greece when buying property for a certain amount, a significant reduction in social programs and tax increases, helped the country cope with debts and budget deficits.
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