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Wednesday
21
Oct 2026
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Athens 20°C

> Economy

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Transformation of XENIA Kythnos: A €30 million project begins

The Israeli investor Mr. Avraham Ravid has now secured a permit from the Directorate of Architecture, Building Regulations and Licensing (DAOKA) of the Ministry of Environment

Where did the available apartments go — Holiday homes, secondary residences, and short-term rentals absorbing housing

Figures show a shortfall of 180,000 homes - Just 35,000 new homes a year - Rents soaring

Households – From 10% to 43% reduction in green tariffs in September

The fall of the wholesale guide for the new charges -The cheapest and most expensive autumn tariffs from PPC and private suppliers

Property value: On ice the reductions of 12 municipalities – The inclusion of 2,167 new areas

The revaluation for the 12 areas is postponed until 2027 - In Attica, for the first time, areas such as Varkiza, Daskalio, Porto Rafti, Salamina, Kythira and Aegina will acquire property values

Ex-spouses and partners open thousands of files of rich people to the tax authorities

Safari of controls by the Hellenic Revenue Service on villas, accounts and businesses of great wealth - Since October 2023 when the Hellenic Revenue Service platform was activated, it has received more than 60,000 complaints

Greeks spend 15.3 times their annual gross salary to buy a 70 sq.m. house – The 2nd worst performance in Europe

The data from Deloitte's latest research on the housing market in 28 countries across Europe, including Israel and Turkey - At 4,098 euros per sq.m. the average selling price in Athens, at 12.7 euros per sq.m. per month the rent

Households ready for autumn with lower electricity bills as August prices decrease by 27%”

The fall in wholesale brings double-digit reductions in green tariffs in September - The new flexible red tariffs are in the home stretch

Strong vote of confidence in the Greek economy – Two agreements with international impact

From Ellinikon, with the strategic Lamda–ION partnership, to Alpha Bank and UniCredit’s increased stake

Finalising the TIF package: middle class relief, support for the vulnerable, housing interventions

The package of measures will amount to around €1.5 billion – What the government’s plan includes

Tourism: 5.3% increase with 15.2 million international air arrivals in the seven-month period, but a decline in the Cyclades

The data comes from the analysis of the Institute of the Greek Tourism Confederation (INSETE)

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