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Greece to Launch Real Estate Price Tracking App

Greece is preparing to launch an innovative app that will provide real-time data on property sale prices. The initiative aims to boost transparency in the real estate market, with the expectation that greater clarity could help reduce inflated property prices. The app is currently under development and is slated for full release by the summer…

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Greece Implements Ban on Cash Payments in Property Deals, with Exceptions for Pre-Established Agreements

Violators face strict consequences, including fines amounting to 10% of the transaction value if payments are not properly verified. A new rule in Greece, effective December 11, requires all property-related financial transactions to be conducted exclusively through banking methods, effectively eliminating cash payments from this process. While the regulation is stringent, it includes specific exceptions…

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Bank of Greece: Housing Price Trends in Q3 2024

According to preliminary data, apartment prices in Greece (excluding inflation) rose by an average of 7.8% year-on-year in the third quarter of 2024. In comparison, the same period in 2023 saw a 13.8% increase. By Type of Housing In Q3 2024, prices for new apartments (up to 5 years old) grew by 9.7%, while older…

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Demand for Short-Term Rentals in Greece Remains Strong

AirDNA has shared statistical data for the summer months of the current year, revealing significant changes in the short-term rental sector in Greece. AirDNA Data During the summer months, demand for short-term rental housing in Greece saw a substantial increase compared to the previous year. According to AirDNA, this growth reached approximately 18% in August…

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