Apartment

The government is moving toward a clear distinction between small owners who rent their property for a few days a year to foreign or Greek visitors and owners or companies who rent a larger number of properties systematically under the short-term rental scheme.

Rental pressures are forcing people to switch from sharing apartments, a common practice among university students, to sharing rooms, just like in dormitories, with sometimes up to eight people struggling to accommodate in a single room.

In response to the soaring demand, in recent weeks, room-sharing listings have started to come to the fore on rental platforms online.

Across Cyprus, property values increased year-on-year in June by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday apartments and 3.7% for holiday homes, while those of warehouses decreased 1.5%, according to the Ask Wire Q2 2023 index.

Bob W, one of the fastest-growing companies in the hospitality industry, is proceeding with the operation of the first two serviced apartment buildings in the center of Athens.

A new public housing development in Ljubljana called Rakova Jelša II has been officially opened. The EUR 22.5 million project includes five apartment buildings with 156 non-profit rental flats and a stand-alone multi-purpose building with community facilities.

The recent occurrence of two deadly Kahramanmaraş-centered quakes on Feb. 6 has prompted a shift in housing preferences in Antalya, with the once sought-after properties with picturesque sea views giving way to a new demand for earthquake-resistant buildings.

A fifth-floor apartment in the central Athens neighborhood of Patisia was enveloped by flames on Thursday afternoon for yet unknown reasons.

The Hellenic Fire Service responded immediately to keep the blaze from spreading to the rest of the building.

The pool of homes that qualify for the government's My Home ("Spiti Mou") program is smaller than in the recent past. This is the program that, in cooperation with the banks, subsidizes mortgage rates to help young people (up to the age of 39) enter the housing market. It concerns properties worth up to 200,000 euros, at least 15 years old (built before 2007) and up to 150 square meters

Fire in a block of flats in the "Vrabnitsa" district of the capital. An apartment on the fifth floor burned down.

The fire was reported at 9:39 a.m. Two fire engines have arrived at the scene. People from the block say that the firefighters were able to quickly control the elements.

An elderly woman was found dead in the burned apartment.

A human rights institution has made a landmark decision by fining a real estate agent and landlords who rejected renting their apartment to a woman on the grounds that she was unmarried.