Over the last few years, it is hard to find a residence for a long-term rental. The sharp decrease in the construction pace during the recent economic crisis and the significant upsurge of the short-term rentals, especially in tourist areas and big urban centers, are some of the reasons for this unpleasant situation. An analysis of this development has already been interpreted in one of our articles.

We are getting close to the completion of one year since the pandemic outbreak in Greece. This health scourge has significant economic and social consequences and continues to be a problem in the real estate market. The effects on the real estate prices have already begun to show up and have been recorded in measurements.

A notably interesting financial instrument, that property owners should be aware of, is the upcoming "Initiative for energy saving & stand-alone buildings" of the Ministry of Environment and Energy (MEE). This project aims to significantly improve the buildings' energy efficiency.

Virtual Tour, also known as 360 tours, is an edge technology tool, nowadays used in the real estate market. This latest trend allows the home shoppers to digitally walkthrough, a for-sale home. A virtual tour gives home buyers the feeling of being inside the house, having an interactive experience. With the VR technology, a person can visit the whole house virtually and experiencing the surrounding even without being there.

The Ministry of Environment announced considerable changes for the constructions outside the town planning, as per the multi-bill recently put up for public consultation. The multi-bill aims to abolish all exceptions and derogations in the rules on the constructions outside the town planning, within the next two years.

Crete always excites those seeking to unravel Ariadne’s thread to discover the hidden beauties on this unique island with its proud inhabitants.

This search often ends up in small settlements, perched on the steep slopes of its imposing mountains. One of the island's treasures, the Cretan traditional house, is nestled there.

According to the report of the World Economic Forum, "Environmental Sustainability Principles for the Real Estate Industry" the real estate industry is liable for about 40% of global energy consumption, originates 20% of global greenhouse gas emission, and uses 40% of the raw materials.

With the spread of COVID-19, a downturn in business was inevitable. Airbnb hosts have seen their bookings collapse because of the COVID-19 pandemic, as tourists cancel their travel plans.

It is true that the current unpleasant events that take place, are going to overturn the optimism we had for the Greek real estate market, especially for the first half of 2020.