Greece Introduces an Automated Property Valuation System

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.

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.

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.

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.

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.