20.06.2023
Greek inflation slowed to 2.8% in May 2023 compared from 3.0% in April 2023, 4.6% in March 2023, and 11.3% in May 2022. This is according to a statement by the Hellenic Statistical Authority. The drop between April and May of 2023 reflects a rapid fall in energy prices. Namely, prices fell in natural gas (49.6%), electricity (24.1%), heating oil (20.7%), other fuels (16.8%) and telephone services (2.2%).
Energy doesn’t tell the whole story, however. Prices of food and food items grew 11.6% in the month alone, The leaders in this category were bread/cereals (11.1%), meat (11.9%), fish (5.2%), dairy/eggs (18%), oil/fat (15.8%), fruit (2.6%), vegetables (9.7%), sugar/chocolate/ice cream (10.3%), coffee/cocoa/tea (13.2%), mineral water/juices (12.9%) and alcoholic drinks (8.3%). For access to the full report on Greece’s inflation by category, find the data here.
The OECD (Organization for Economic Cooperation and Development) projects that Greece’s economic growth will stay strong, with real GDP growth projected at 2.2% in 2023 and 1.9% in 2024. The OECD also expects fixed capital investments in Greece to boost by 8.9%, thanks to the impact of the European Recovery and Resilience Fund (RRF). Unemployment in Greece is also scheduled to decline from 12.4% in 2022 to 11.2% in 2023 and then to 10.4% in 2024.
The EU's average inflation was higher than Greece’s in May. For example, Eurostat’s estimates for May show that Greece’s EU-harmonized consumer price index (HICP) was 4.1% compared to a mean rate of 6.1% in the euro area. The HICP is a measure of inflation in the Eurozone and the European Union. It measures price inflation based on the spending habits of consumers in individual EU countries. In general, Europe’s inflation rates show encouraging movement. May’s eurozone inflation rate was the lowest of the last 12 months, down from 7.0% in April.
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.
