Nikos Roussanoglou

Property insurance to protect against various disasters will likely become mandatory in the near future, following the case of the collapse of the apartment building in Petralona this week.

Housing costs for the average family in Attica that does not live in a property it owns have increased significantly: According to data processed by ReDataset of the Resolute group, the cost of renting (based on data from online ads) has increased by a percentage ranging from 9.6% in Paleo Faliro to 22.2% in Glyfada from the first quarter of 2023 to the same period this year.

The Justice Ministry is preparing legislation that would formally define and strengthen the role of apartment building managers as part of a new property code expected to be presented this autumn.

Sale and rental asking rates in Attica continue to rise, with the northern suburbs holding the lead, although the housing market as a whole is showing a slowdown.

Lamda Development said Thursday that its new sports park at The Ellinikon is expected to attract about 300,000 visitors by the end of 2026 and roughly 1 million during its first full year of operation in 2027. The company said the first phase of The Ellinikon Sports Park will open on July 20.

Building permit applications for the development of new office space tripled in 2025 compared to 2019, a development linked not only to the perceived shortage of high-quality, energy efficient buildings, but also to the gradual decline of remote working.

Over 60% of Greek municipalities' real estate assets have never been declared on the E9 tax form, while some municipalities have not even declared their property to the National Cadastre.

New legislative provisions are gradually being activated, which are expected to remove a number of obstacles in order to stimulate the supply of real estate in the market.

Demand for luxury residences registered a significant increase in the year's first half.

The average price per night in short-term rental accommodation in Greece increased by 12% in June. The increase far exceeded the European average of 7.5%, says specialized research company AirDNA in its latest monthly analysis of the European short-term rental market.