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 which 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 brought down significantly 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.
19.03.2026
Spanning over 1700 km across the southern peninsula and connecting 12 major hiking routes, the Peloponnese Trails network is set to become the Largest Certified Hiking Trail Network in Greece, weaving together landscapes, heritage, and storytelling in a way that is both immersive and sustainable.
18.03.2026
Basements are a familiar feature of many homes across Greece. Traditionally used for storage, parking, or utility areas, these spaces are increasingly being reimagined—sometimes as guest rooms, independent apartments, or even stylish leisure areas. For anyone exploring property in Greece, it’s useful to understand how basements are defined and when they can legally function as living spaces. The rules are quite specific, but once explained clearly, they follow a logical structure.
16.03.2026
Crete and Syros have been named among the most worthwhile Greek island destinations for 2026, according to the international tourism platform Travel And Tour World, which recently published a list highlighting Greek islands that offer visitors a strong balance between quality and price.
The globally recognized tourism publication, widely read by travel professionals, tourism organizations, and travelers around the world, compiled the ranking based on research and travel data. The list focuses on destinations that combine authentic experiences, cultural richness, and natural beauty with relatively accessible prices.
13.03.2026
Greece is preparing to introduce a sweeping reform in the way property ownership and usage are recorded. Through the creation of the Μητρώο Ιδιοκτησίας και Διαχείρισης Ακινήτων (ΜΙΔΑ) — translated as the Property Ownership and Management Registry — authorities aim to create a comprehensive digital record of every property in the country.
The project is being developed by the Independent Authority for Public Revenue (Ανεξάρτητη Αρχή Δημοσίων Εσόδων - ΑΑΔΕ), in cooperation with the Ministry of National Economy and Finance. Its goal is to consolidate fragmented real estate information into a single platform and provide a clearer picture of property ownership and use across the country.
The new registry also featured prominently in discussions at the Property Owners’ Conference organised by the Panhellenic Federation of Property Owners (ΠΟΜΙΔΑ). The event brought together representatives of the government, local authorities, the Independent Authority for Public Revenue (ΑΑΔΕ), the Hellenic Cadastre, and property owners from across the country.
During the conference, the new registry was presented as one of the most significant reforms in the Greek real estate sector in recent years. Speaking at the event, Minister of National Economy and Finance, Kyriakos Pierrakakis, described the initiative as “the most systematic recording of the use of private real estate ever carried out in the country.” According to the minister, the registry will give the state a comprehensive digital overview of the country’s property stock and the way the real estate market actually functions.
03.03.2026
Kalamata is quietly stepping into a new chapter.
In 2026, Kalamata International Airport “Captain Vassilis Constantakopoulos” will connect the Peloponnese to 22 international destinations through 31 direct routes, significantly strengthening the region’s ties with key European markets. For a city long appreciated for its olive groves, relaxed pace, and coastal living, this expanded network signals something bigger: accessibility is no longer a seasonal privilege — it’s becoming a structural advantage.
The announcement follows a record year for inbound traffic. In 2025, the airport welcomed 169,730 international passengers, marking a 25.6 percent increase compared to 2023. This steady rise reflects consistent demand from core European source markets and growing confidence in Kalamata as a destination that delivers both lifestyle and substance.
27.02.2026
Five Greek beaches located in Crete, Corfu, and Rhodes have earned prestigious distinctions at the Tripadvisor 2026 Travellers’ Choice Awards, ranking among the best beaches in Europe and the world. Renowned for their crystal-clear waters, unique landscapes, and exceptional natural beauty, these destinations continue to strengthen Greece’s global reputation as a premier seaside escape.
The TripAdvisor Travellers’ Choice Awards are based on millions of reviews and ratings submitted by travelers worldwide over 12 months. The awards highlight travelers’ favorite destinations, hotels, restaurants, and experiences, offering valuable insights for those planning their next getaway.
30.01.2026
Crete has significantly strengthened its position as one of the most attractive real estate destinations in Greece. For the first time, the island’s electricity demand is being fully covered by high-capacity grid interconnections with mainland Greece, combined with locally produced renewable energy sources (RES), as announced in late 2025 by the Greek Independent Electricity Transmission Operator (ADMIE). This energy achievement is a structural upgrade that directly impacts property value, investment security, and long-term growth prospects.
23.01.2026
Messinia, Greece, is attracting growing international attention after being included in The New York Times’ respected list of the 52 Best Places to Go in 2026. Ranked 38th worldwide, Messinia is the only Greek region featured, praised for its natural beauty, cultural depth, and authentic Mediterranean character.
Located in the southwestern Peloponnese, Messinia offers a rare combination of unspoiled coastline, fertile landscapes, and deep historical roots—qualities that increasingly appeal to travellers and long-term visitors seeking a genuine Greek experience.
