The Greek government is planning to raise the minimum threshold for Golden Visa applicants investing in real estate to €800,000 in high demand areas, Prime Minister Kyriakos Mitsotakis said in remarks to Parliament. The move reflects the ongoing success of the program, which has brought in more than €1.5 billion in investment since it was launched in 2014. Last year, the government doubled the minimum threshold to €500,000 for qualifying properties in the center of Athens and Thessaloniki, as well as the popular tourist islands of Mykonos and Santorini.
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Hermione Hills Luxury Cottage
Welcome to our cherished heritage property, a place where cherished memories and family history intertwine. This house holds a special place in our hearts as it is a legacy passed down from my beloved father. With great love and respect, we have meticulously renovated and restored this home, ensuring that its character and charm remain intact while offering modern comfort. Each corner of this house tells a story, and we invite you to create your own unforgettable moments within its walls. As you stay here, we hope you feel the warmth and love that we have poured into this place, honouring the memory of our father and creating a space for new memories to be cherished for years to come.
Escape to the tranquility and natural beauty of our cozy cottage, nestled in the heart of Ermionida region. Perfectly situated to offer both relaxation and adventure, our cottage is an ideal getaway for couples, families, or friends looking for a memorable vacation. Inside, you’ll find a warm and inviting space that blends rustic charm with modern comforts. Continue reading »
Me and AI in a short interview…
Under the weight of the train accident in Tempe, the lights fall on the Infrastructure of our country, and how much we have invested in it, as a development requirement… I thought I’d ask the AI and see what it says…
me: Do you have any data about the Public Investments in Infrastructures in Greece?
AI: Yes, I can provide you with some data about public investments in infrastructure in Greece.
According to the Hellenic Statistical Authority (ELSTAT), the total public investments in Greece for the year 2020 amounted to €8.9 billion, of which €3.3 billion (37%) was allocated for investments in infrastructures.
Specifically, the breakdown of public investments in infrastructures in Greece for 2020 was as follows:
- €1.8 billion for transportation infrastructure
- €1.1 billion for energy infrastructure
- €244 million for water supply and sanitation infrastructure
- €91 million for telecommunications infrastructure
- €58 million for other types of infrastructure
Greenwich estate that held title of America’s priciest home now lists for $150M
Copper Beech Farm is the largest waterfront parcel in Greenwich. Situated on a private peninsula, it spans over 50 acres with almost a mile of frontage.
When Connecticut’s Copper Beech Farm sold for $120 million in 2014, it was the priciest home sale the country had ever seen, but the buyer’s identity remained secret. Now the mystery owner of the storied 50-acre estate is putting it back on the market for $150 million.
With nearly a mile of private frontage on Long Island Sound in affluent Greenwich, Copper Beech Farm is considered among the most significant single-family properties in the country. Originally known as Kincraig, the estate dates to the 1890s and once belonged to the Lauder Greenway family—Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel. The centerpiece is a French-Renaissance mansion spanning around 13,500 square feet.
One of the listing agents, declined to comment on the current owners, saying only that they are “Connecticutites.” She said their identity has been a “closely guarded secret” in the community since they purchased the property from timber tycoon John Rudey. Records list the owner as the Connecticut-based The Conservation Institute, LLC.
Destination spotlight: Porto Cheli
Don’t tell this to anyone in Ibiza or on the Côte d’Azur, but the Mediterranean’s most exclusive summer destination is in Greece. You may think we’re talking about Mykonos or Santorini, but this most under-the-radar slice of paradise is not an island: it’s Porto Cheli, on the southern tip of the Peloponnese’s most easterly peninsula. Continue reading »
Mediterranean Price Observatory
Three Parisian mansions to Lionel Messi
In August 2021, Lionel Messi signed a two-year contract with Paris Saint-German. Funded for a decade by Qatari sovereign wealth, PSG is one of the few clubs in the world that can afford the 34-year-old player’s salary.
Messi reportedly will be paid $41 million (35 million euros) a year. His former club Barcelona couldn’t meet the soccer star’s salary expectations after the Spanish football league inclined and stated that it wouldn’t be complying with salary cap regulations.
Messi arrived in Paris in mid-August with his wife Antonela Roccuzzo and three kids. The soccer player and his family stayed in one of Royal Monceau suits while looking for a long-term rental in residential areas close to Parc des Princes, PSG’s home stadium. The family expected to find the same home features they were used to living in Barcelona, including a swimming pool, an amenity rare to spot in Paris, even in the high-end segment. Continue reading »
Planet alert…
Το περιβάλλον είναι ένα δώρο που μας έχει προσφέρει η φύση. Έχουμε υποχρέωση να το προστατεύσουμε και να το παραδώσουμε στα παιδιά μας. Η εξάντληση των φυσικών πόρων όπως το νερό και τα ορυκτά καύσιμα και η αλόγιστη χρήση τους, υπονομεύουν το μέλλον του πλανήτη και τη ζωή των επερχόμενων γενιών.
Δημοσιευμένες μελέτες δείχνουν ότι έως το 2030, τα μεγάλα κράτη πρόκειται να αυξήσουν την παραγωγή άνθρακα κατά 240%, φυσικού αερίου 71% και πετρελαίου 57%, τινάζοντας στον αέρα τη Συμφωνία του Παρισίου, που στόχο έχει την αύξηση της μέσης θερμοκρασίας του πλανήτη κατά +1,5C το μέγιστο.
Dear friends,
We are responsible for the future of this planet and the life we create for our children. Environmentalists say that governments also need to focus on future plans for fossil fuel extraction.
Fifteen countries, among them the U.S., Norway and Russia, plan to dramatically increase their production of oil, gas andcoal in the decades ahead, potentially undermining pledges to curb emissions in line with the Paris Agreement, according to a U.N.-backed report released Tuesday. Continue reading »
Property Prices
Greek home prices will grow at an average annual rate of 4.9% through 2027, according to a study by Piraeus Bank, bringing them back in line with pre-crisis levels. For this year, the bank expects residential real estate prices to rise by 5.7%, and by 6.4% in 2022.
Property Prices
Greek property prices showed surprising resilience in 2020, rising 4.2% from a year earlier, according to the latest data by the Bank of Greece.
But the coronavirus pandemic has weighed on real estate transactions overall with last year’s price increase below the 7.2% rate recorded in 2019.
