ΝΙΚΟΣ ΜΑΡΚΑΤΟΣΑθηναϊκή Ριβιέρα
ΝΙΚΟΣ ΜΑΡΚΑΤΟΣ
ΝΙΚΟΣ ΜΑΡΚΑΤΟΣThe Greek government has formally adopted a new, and long-awaited, national development framework to guide tourism investment around the country with the aim of ensuring the future sustainability of the sector.
The joint ministerial decree sets planning rules that seek to balance tourism development with protections for the environment, local communities and the unique cultural characteristics of destinations.
Greece is one of the world’s Top 10 tourism destinations with the tourism sector accounting for roughly one-fifth of Greece’s economy. It has hosted a steadily growing number of visitors each year and in 2025 attracted a record 38 million visitors and collected almost €24 billion in travel receipts. Consequently, Greece has also attracted significant foreign investment to its hospitality sector with hundreds of new hotels opening over the last several years and, by some estimates, approximately €12 billion in hotel investments.
In an effort to diversify Greece’s tourism destinations and its tourism product, the new Special Spatial Framework for Tourism creates five categories for the country’s mainland areas, and three classifications for the islands based on the level of existing tourism activity. Taking into account factors like number of accommodations, land area and resident population, the classifications set conditions for further tourism development. This includes the types of projects permitted and, for new hotel or related investments, sets thresholds for minimum land requirements, capacity to accommodate visitors and environmental protections, among other things.
Areas are divided into five categories:
• A: Controlled Development Areas
Areas with very high tourism pressure, where priority is given to upgrading existing accommodation and stricter rules apply to new tourism developments. New hotels built outside town plans will require a minimum land plot of 16 stremmas (1.6 hectares).
• B: Developed Areas
Areas where tourism development continues with fewer restrictions and greater emphasis on quality upgrades, special-interest tourism and modern infrastructure. New hotels built outside town plans will require a minimum land plot of 12 stremmas (1.2 hectares).
• C: Developing Areas
Areas where additional tourism development is encouraged in order to gradually strengthen the local tourism product.
• D: Early Development Areas
Areas where the focus is on mild tourism growth and the development of new destinations based on local characteristics.
• E: Special Development Enhancement Areas
Areas mainly intended for special forms of tourism such as mountain, wellness, marine and diving tourism.

Specifically:
The total Building Activity (Private – Public) in Greece for December 2024, based on issued building permits, amounted to 2,929 building permits, corresponding to 709,273 m² of surface area and 2,881,141 m³ of volume. This represents an increase of 15.6% in the number of building permits, an increase of 12.0% in surface area, and a decrease of 3.0% in volume compared to the corresponding month of 2023.
Over the past twelve months, from January 2024 to December 2024, the total Building Activity (Private – Public), based on issued building permits nationwide, reached 30,992 building permits, corresponding to 7,283,503 m² of surface area and 31,997,772 m³ of volume. Compared to the corresponding period of January – December 2023, there was an increase of 14.9% in the number of building permits, an increase of 16.8% in surface area, and an increase of 9.7% in volume.
During the same period, January – December 2024, Private Building Activity nationwide recorded an increase of 14.9% in the number of issued building permits, an increase of 16.5% in surface area, and an increase of 8.7% in volume compared to the corresponding period of January – December 2023. The share of Public Building Activity in the total building volume for this period was 3.4%.
Prices for Greek real estate are expected to continue higher, according to the central bank, a trend that is leading the government to fine tune investment thresholds for the country’s popular Golden Visa program to better channel property purchases by foreign buyers.
According to the latest annual report by the Bank of Greece, Greek housing prices jumped 13.4% last year following an 11.9% increase in 2022 and a 7.6% rise in 2021. The report notes a combination of factors that will help support prices in the near to medium term. In particular, it cites strong demand from foreign investors, Greece’s tourism boom, and young people looking to buy their first homes with government support, combined with the short supply of new constructions.
“Expectations for the Greek real estate market for the period ahead remain moderately positive, as uncertainties related to geopolitical instability at a global level remain significant,” the report says. “In the short term, however, and as long as foreign demand remains strong, prices are expected to continue their upward trend in the high-end segment of the market, lifting up prices in ancillary markets as well.”
The outlook by the Bank of Greece follows other data showing a banner year for real estate development, with building activity at a 13-year high and a further 13.5% jump in housing prices in the first quarter around Athens.
To better channel foreign interest in Greek real estate, the government has announced fresh changes to the Golden Visa program effective March 31. In the most sought after property markets – around greater Athens, greater Thessaloniki, Mykonos, Santorini, as well as islands with a population of over 3,100 inhabitants – the minimum threshold for securing a Golden Visa through real estate acquisition has been increased to €800,000. In other areas the threshold is €400,000.
But for industrial buildings that are converted into housing, and for historic buildings, the minimum threshold is €250,000. The government has also introduced incentives to convert non-residential buildings into homes, and for the conservation and restoration of historic buildings. The new rules also require that residential real estate acquired by investors be at least 120 sq.m. and explicitly prohibits its use for short-term rentals.
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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:
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.
Σε «ωρολογιακή βόμβα» για την αγορά ακινήτων εξελίσσεται η εκρηκτική αύξηση στα οικοδομικά υλικά, η οποία μεσοσταθμικά ανέρχεται στο +35%, ενώ σε ορισμένες περιπτώσεις ξεπερνά ακόμη και το 50%.
Όπως επισημαίνουν κύκλοι της αγοράς, το υπέρογκο κόστος των οικοδομικών υλικών σε συνδυασμό με την αύξηση της τιμής του ακινήτου, αλλά και την αναπροσαρμογή των αντικειμενικών αξιών από την 1η Ιανουαρίου επιβαρύνει ακόμη περισσότερο τον κλάδο του real estate.