About company Grekodom Development: services and projects in the field of construction, development, sale and rental of real estate in Greece and Cyprus. Company’s mission To create an active investment real estate market in Greece and Cyprus based on our own successful experience in providing real estate, construction and development services based on a conscientious,...
The Greek government has been taking measures to reduce the country’s national debt and budget deficit. Positive results can already be seen: the International Monetary Fund experts expect the country’s GDP to grow by 1.8% in 2017 and by about 2.6% in 2018. It is an ideal time to invest in Greek property – along with the country’s gradually recovering economy, its property market, which has hit rock bottom,...
The “Golden Visa” within the framework of investment programs for residents of Greece and Spain has become more available and advantageous. In many respects, thanks to amendments in terms of obtaining residence permit and the opportunities that the holders of “golden visas” receive. The programs for obtaining a residence permit in Greece and in Spain...
Grekodom Development, a well-known and reliable player in the real estate market in Greece, announced the implementation of an unprecedented project in Kriaritsi, a small resort village located in an ecologically clean place on the peninsula of Sithonia, the middle «finger» of the Chalkidiki Peninsula. According to experts, currently Kriaritsi is considered one of the...
In 2015 the number of Greek real estate market transactions increased for the first time after the crisis. Foreign investors account for 20% of buyers. According to data collected between 2005 and 2015 by the Greek Statistical Service (Elstat), the number of Greek real estate transactions increased for the first time in 2015, growing by...
The Bank of Greece has published its statistics for 2017 – the country’s decline in property prices slowed to 1%, which is a 10-year record. Is the Greek property market poised for growth? The Greek property market is showing signs of recovery. According to the Bank of Greece, in 2017, property prices fell by 1%...
Created in 2015, MBGcs is a provider of Premium Consulting Services in Greece and Cyprus. Our main objective is to help and guide potential investors, companies or individuals with their bussiness ventures in the Mediterranean. An experienced team of lawyers, financial experts and real estate consultants can help realize your investment plans in Greece &...
Tourism is a driving force for the economy of Greece and its development, sector of its «heavy industry», which gives up to 25% of the country’s gross income. «Over the past three years, the external orientation of Greek tourism has been significantly strengthened, aimed at tourism 365 days a year», says Greek Minister of Tourism...
What would you say is the state of the Greek real estate market at the moment? The unstable economic situation in Greece made it possible for many participants of the investment market to carry out their financial games. First of all, the economic situation has given many opportunities for banks, developers, investment funds. Many countries...
In April 2013, in Greece entered into force the law «Creation of a Development Friendly Environment for Strategic and Private Investments». Since that moment, citizens of countries outside the EU have been given the opportunity to apply for a Greek residence permit when buying residential or commercial property priced at 250,000 euros or more. This is one...