07.10.2023
Today Greece is one of the most quickly growing economies in the European Union. The economy is growing two times as fast as the average in the Eurozone. Tourists are flowing into Greece, requiring new construction. Multinational companies like Pfizer and Microsoft are investing in Greece, and private investors are investing in the Greek market.
In early September, DBRS Morningstar, a major credit rating agency, raised Greece’s credit rating to investment grade, a move that will allow big investors to buy government bonds. Moody’s, another large rating agency, also raised Greece’s debt rating by 2 levels on September 15th, which is a step in the right direction for Greece’s economy.
This summer, over 10 million tourists came to Greece. The revenues from tourists this year were over 20 billion euros. Construction is particularly strong because of the increased demand for hotels. Airbnb short-term rentals and the Golden Visa program continue to draw foreign investment.
Microsoft is investing in a €1 billion data center east of Athens. To the north of Athens, Pfizer is opening a €650 million research center. Other European and International companies like Cisco, Meta, and JPMorgan are hoping to invest in Greece as well in the next few years.
The current Greek Prime Minister, Kyriakos Mitsotakis, is known for being a business-friendly politician. He was re-elected in June partly because of his smart economic policies. The government made it easier for businesses to operate and increased the minimum wage. Greece also paid some of its international bailout amount ahead of the expected schedule. Mr Mitsotakis praised Greece’s return to investor dignity. He stated publicly that Greece will not stop growing just because it has an investment-grade rating. “We’re not hiding behind investment grade, saying, ‘We’ve achieved an important goal — let’s turn to autopilot.'”
In other news, Greece plans to repay its 5.3 billion euro loan early. These loans were given to Greece during the first rescue package, and are due to be paid in 2024 and 2025. However, they will be paid on December 15th of 2023. According to the Ministry of National Economy and Finance, Greece plans to make another early repayment in 2024.
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.
