21.09.2023
DBRS Morningstar, a credit rating company from Canada, upgraded Greece’s credit rating at the beginning of September to “investment level.”
DBRS Morningstar is one of the world’s four major credit rating agencies, and it is the first to give Greece an investment-grade rating since 2010. They upgraded the rating of Greece from BB (high) to BBB (low), which is the minimum rating to be considered investment-grade. DBRS Morningstar notes that the rating “reflects co-operation with the European Union and the euro system institutions.” This is big news for the Greek economy because for a long time, the country did not have the confidence of rating agencies because of Greece’s past financial crisis and bailouts with the European Union.
Earlier this year, Japan’s R&I and Germany’s Scope Ratings (2 other ratings companies) also gave Greece an investment-grade rating, but they are not one of the big four agencies that the European Central Bank uses to consider the rating of a country’s bond. The next decision came on Friday, September 15th, when Moody’s (another big rating agency) upgraded Greece's rating from Ba3 to Ba1. While Ba1 is still below investment grade, the change shows increased confidence in the Greek economy. Standard & Poor’s and Fitch Ratings (2 other ratings agencies) will give their own decisions later this year, and they both have Greece one step from investment grade.
According to a report in the Financial Times, the Chief Economic Advisor to Greece’s Prime Minister says, “Greece’s upgrade to investment grade is like a seal of approval, firmly putting the crisis years behind us.” He adds, “We will work hard to live up to and exceed these new expectations.” Since the bailout program ended in 2018, Greece has significantly reduced its debt as a proportion of gross domestic product in 2022. In the second quarter of 2023, Greece had the second-fastest GDP growth out of all European Union member nations.
28.09.2026
Two important changes were recently announced at the Hellenic Cadastre, which that property owners in Greece should be aware of. The first one involves properties that are listed as “owner unknown” and claimed through adverse possession. And the second one is about properties that have been registered with the wrong area, boundaries, shape, and/or location (also known as “διόρθωση γεωμετρικών στοιχείων”).
24.09.2026
Getting to Greece is becoming even easier, with Transavia expanding its connections from Belgium and France, with new routes to Crete and Thessaloniki and more options for travelling outside the traditional summer season.
08.09.2026
Greek Prime Minister Kyriakos Mitsotakis has announced series of housing measures affecting property buyers and owners at the Thessaloniki International Fair.
05.09.2026
Greece is entering a new era of property and inheritance regulation. For the first time in over 80 years, the government is preparing a comprehensive reform of the Inheritance Law, designed to simplify procedures, ensure fairness, and modernise how estates are managed.
07.08.2026
Greece is taking an important step in environmental protection, becoming the first country in the world to deploy a national satellite system for wildfire detection and monitoring. First launched in May and expected to become fully operational in September 2026, the new Hellenic Fire System brings advanced space technology to Greece's efforts against wildfires.
06.08.2026
If you own a home in the Peloponnese or have been quietly thinking about buying one, there is some news you should be aware of: At the end of June, a 40-year concession for Kalamata International Airport "Kapetan Vasilis Konstantakopoulos" was signed by a consortium led by Fraport, together with the Kopelouzos Group's Delta Airport Investments and the Konstantakopoulos Group's PILEAS. According to the National Development Fund, which retains a 10% stake in the new company, the initial concession payment is 45 million euros, and the planned investment programme is expected to exceed 125 million euros over time.
In short: Kalamata's airport is set to roughly double its traffic by 2030, with a new terminal three times the size of the current one. For anyone with a house in the region, or an eye on one, that matters.
03.08.2026
A new regulation regarding the calculation of ENFIA (Eniaios Phoros Idioktisias Akiniton/annual property tax) was announced by the Greek Ministry of National Economy and Finance. The purpose of this regulation appears to be to address cases where property owners were previously taxed on more square meters than their property actually has. The new regulation, which is expected to take effect in the 2027 tax year, introduces the Electronic Building ID as a key factor in determining taxable floor area.
28.07.2026
As UNESCO recently announced, Mount Olympus – also known as the Home of Ancient Greek Gods, or Greece’s highest mountain – has been added to the list of World Heritage Sites. Of course, Greece welcomed the news with a wave of euphoria, as Mount Olympus is widely recognized for its cultural and natural significance.
