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  1. Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter

    EconomyMacroeconomy

    Apartment prices in Greece fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014... quarters, this is the twenty-first successive negative reading since Q1 2009. In addition, apartment... by 63.4 and 66.2 percent respectively. The index of apartment prices peaked at 102.2 in Q3 2008 and has

    64%

  2. Newsletter 63 - 19/02/2016

    Newsletters

    for Ionian Hotel Enterprises, which owns and operates Hilton Athens hotel. Alpha holds a stake... decline. Fall in apartment prices eases Greek apartment prices decreased by 5.4 percent in the fourth... successive quarter by 0.9 percent in Q4 from decline of 1.4 percent QoQ in Q3. In 2015, apartment

    62%

  3. Newsletter 222 -04/10/2019

    Newsletters

    from economic migrants, rather than facilitating people fleeing war or other forms of danger. However... to a convergence in the future. Athens looks to overcome APS snags Hotel owners sound warning over... Chamber of Hotels (HCH) who outlined the immediate impact on the Greek hotel sector. Alexandros

    52%

  4. Greek travel receipts rise 9.1 pct in January as surplus doubles
    Photo by MacroPolis

    EconomyMacroeconomy

    to 277 euros. The breakdown of incoming tourist activity by country showed strong growth in arrivals... of 14 billion euros. SETE noted that a stable tax framework, mainly related to VAT on islands and hotel

    51%

  5. Study shows 341 mln a year in tax lost from short-term rentals
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    , imposing a uniform system of tax for hotels and hotel-like accommodation could generate at least 341... in the Greek hotel industry for better regulation of short-term rentals which they say attracts... and 6.8 percent. The effect is overall lower profit margins in the Greek hotel industry. Grant

    47%

  6. Refugee housing deadline puts spotlight back on migration policy
    Photo by Giannis Papanikos/Fosphotos

    PoliticsGreek Politics

    costed at 4.5 million euros was awarded to a private contractor without being put to tender... granted resident status. Their number includes 6,500 people living in apartments administered under

    45%

  7. Greece's golden visa scheme brings revenues, but risks as well

    EconomyFeatures

    hotel units as well as luxury residences. Cyprus’s equivalent programme, which has been in operation... apartment blocks in central Athens to use as short term rentals. While some of these tales have... to increased demand for smaller city apartments as well as luxury properties in resort destinations

    44%

  8. Newsletter 255 -26/06/2020

    Newsletters

    danger for many businesses in and linked to the hospitality industry. Greek resort areas prepare.... The hotel workers’ association on Rhodes, for instance, estimates that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent of hotels plan to open in July

    42%

  9. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank... that almost reached as much as -13 percent at the end of 2012. Old apartments - those over five years

    41%

  10. Special tax structure would benefit hotels and jobs, bank argues
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    on the tourism industry and the job creation it entails, the bulletin notes that in 2017, the hotel... quoted in the report, the hotel industry in Greece has undergone strong growth since 2004. In 2004, 8,899 hotel units were in operation in the country, increasing by 9.9 percent to 9,783 in 2017

    37%