Greece
Real Estate News

Europe Overtakes U.S. Hotel RevPAR Growth, First Time Since 2010

Europe Overtakes U.S. Hotel RevPAR Growth, First Time Since 2010

Hotel consultant STR is reporting this week that 2015 marked the first year since 2010 in which the European hotel industry passed hotels in the U.S. in year-over-year revenue per available room (RevPAR) growth. Read More »


Greek Island of Rhodes Making Luxury Market Comeback

Greek Island of Rhodes Making Luxury Market Comeback

The luxury real estate market on Rhodes is starting to stabilize now that Greece's future in the Euro seems secure, reports international real estate consultancy Engel & Völkers. Read More »

Greek 'No' Vote to Impact Real Estate Investments

Greek 'No' Vote to Impact Real Estate Investments

Yesterday's 'No' vote on the Greek referendum on austerity measures is going to have an impact on property market investments in the region, reports Andrew Burrell, Head of Forecasting at JLL. Read More »

European Hotels Deliver Mixed Results in February

European Hotels Deliver Mixed Results in February

According to STR Global, the European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for February 2015. Read More »


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Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated March 7, 2016 2:36 PM ET

Greece Property News

According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.

With the holiday season now in full swing, many across Europe are making travel plans to enjoy the upcoming winter holiday in one of many great getaway spots across Europe.

Cycling tourism is a fast growing global business.

Retail real estate investment in Europe enjoyed a strong quarter as the Q2 volume reached €9.6bn, up 86% from the Q2 2013 volume of €5.2bn.

International real estate consulting firm Knight Frank is now reporting that their Global House Price Index has risen for eight consecutive quarters.

Hotels in Athens reported significant performance improvement in 2013.

Getaway cities will deliver the best growth in the next five years.

Rhodes is enjoying new record luxury home prices in the first quarter of 2014.

U.S.-based private equity firm NCH Capital Inc. gained permission from the Greek government to build a resort on the island of Corfu, Bloomberg reports. The firm will spend 23 million euros ($32 million) for the leasehold and invest approximately 75 million euros.

Cash-strapped Southern European nations are seeking to lure Asian capital through programs that allow property investors to claim residence status in the European Union. Portugal, Cyprus and Greece have all introduced such schemes, while Spain has one in the works.

Singapore-based luxury resort operator Banyan Tree Holdings Limited plans to expand its footprint.

Want to start a debate? Tell a discerning traveler that such-and-such hotel has the greatest art collection of any hotel in the world. See what happens. More than likely, you'll have a lively discussion - or argument - on your hand.

Global property prices increased by 6.6 percent in the year to March, the highest rate since the second quarter of 2010, according to the Knight Frank Global House Index released today.

The European press is buzzing with reports that the emir of Qatar has purchased six Greek islands for about €8.5 million ($11.1 million). Sheikh Hamad bin Khalifa al-Thani, who reportedly likes to yacht in the Greek isles.

Real estate, and especially commercial real estate, is beginning to play a strong role in the economic recovery of Greece, according to brokers, bankers and consultants in Athens and London. One big reason is the coalition government led by conservative Prime Minister Antonis Samaras that came to power in June has impressed some investors. Samaras promised to do everything needed to keep bailout funds flowing, easing fears of bankruptcy and leaving the Euro zone.

According to Knight Frank's latest Global House Price Index, worldwide home prices recorded their weakest annual performance since the depths of the recession in 2009, recording only 0.9% growth in the year to March 2012. Doubts over the Eurozone's future, coupled with the Asian governments' staunch efforts to cool their markets and deter speculative investment, have taken their toll. Global house prices were static in the first three months of 2012 but it is the first time since Q4 2009 that annual price growth has slipped below 1%.

As expected, most of the world's housing markets are struggling this year. Prices are up the most in India and Brazil; down the most in Greece and Ireland.

According to London-based Knight Frank, a lot has changed on the global economic stage in the last three months that negatively impacts prime residential rental markets across the globe. In Q4 2011 Greece's debt restructuring plans hung in the balance, its southern European neighbors were revising already pitiful economic forecasts downwards and any tangible signs of a recovery in the US seemed a long way off.


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