Real estate — and especially branded residences — has been a key area of focus for our firm. At the 18th ered.gr – Greek Real Estate & Development Magazine Meeting Point, market trends, investor sentiment, and the sector’s shift into a period of volatility and complex challenges were among the subjects discussed.
Practices Area: Real Estate
Law 5170/2025: A New Era for Short-Term Rentals- Operational Standards, Compliance, and Sustainability
Law 5073/2023 established a clear taxation framework, distinguishing professional activity from occasional private use in the short-term rental sector. However, until now, the regulation of short-term rentals under Law 4446/2016 made limited progress in defining specific and concrete standards for these accommodations. Consequently, the absence of such standards underscored the pressing need for comprehensive legislative… Continue reading Law 5170/2025: A New Era for Short-Term Rentals- Operational Standards, Compliance, and Sustainability
Greece’s Luxury Real Estate & Hospitality: A Beacon for Investors in 2024 and Beyond
In the face of evolving global travel trends, Greece’s hospitality industry has exemplified resilience and innovation, positioning itself as a leading destination for luxury real estate and hospitality investments over the recent years. This transformation is not merely reactive but anticipatory, showcasing Greece’s role as a visionary in the future of tourism. The commitment to… Continue reading Greece’s Luxury Real Estate & Hospitality: A Beacon for Investors in 2024 and Beyond
Integrated Resorts
Overview An integrated resort is a development typically comprising a hotel, private homes, retail, dining, entertainment, casino,recreation and other facilities. Integrated Resorts (IRs) are a common feature in many international locales and have been gaining significant momentum in Greece over the past few years. Several resorts have commenced operations recently, with numerous additional projects currently… Continue reading Integrated Resorts
Uncertainty over real estate public auctions after Supreme Court’s conflicting rulings
The years before Covid-19 pandemic were marked by intense activity in public auctions and enforcement proceedings, a corollary of the sheer number of NonPerforming Loans (NPLs) burdening banks’ balance sheets. “Hercules Plan” a government-backed securitization program, – introduced into Greek legislation in December 2019 (L. 4649/2019) – aimed at deloading Greek banks plagued… Continue reading Uncertainty over real estate public auctions after Supreme Court’s conflicting rulings
The Ellinikon Project: Europe’s greatest urban regeneration project
Overview Greece’s recovery on the markets, following the lingering bitter aftertaste of the sovereign debt memoranda era, was marked by booming real estate prices and promising projects. Markedly, Covid-19 pandemic took a toll on real estate development and heralded ominous days for the market on a global scale. Nonetheless, in hindsight, one… Continue reading The Ellinikon Project: Europe’s greatest urban regeneration project