Finance

The suspect had been allegedly paying rent to the owners of the warehouse. He was brought earlier on Thursday to the offices of the police counter-terrorism unit to be questioned.

According to information from Kathimerini, the suspect is a philologist who worked at a tutoring center.

The government is reviewing the provision for a three-year income tax exemption for vacant properties and those withdrawn from short-term rentals. Concerns have been raised during the public consultation phase that the current requirements are too stringent and may reduce the measure’s effectiveness.

The activity of renting out property short-term in the most popular parts of the center of Athens is rapidly evolving into a field for professionals.

FTSE Russell announced late on Tuesday it has included the Athens Stock Exchange in the shortlist for upgrading, with the aim of returning it to the category of developed markets

Greece will be added to the Watch List for a possible upgrade from "Advanced Emerging" to "Developed Market" status.

More than 900,000 properties remain vacant and underutilized across Greece, according to real estate experts. Many of these properties are tied up in legal disputes, owned by the government, banks or institutional creditors.

From January 1, 2025, new restrictive measures for Airbnb properties will take effect (including a freeze on new licenses in Athens’ 1st, 2nd, and 3rd districts). The three-year tax exemption for closed properties, however, begins today and will be available until the end of the following year.

At 1,900 euros a month, the rent was not cheap. But Alicia Bocuñano still felt fortunate to find an apartment on Ibiza at that price. As a taxi driver pulling 16-hour days, Bocuñano, a single mother who grew up on this Spanish island, figured that a surplus from the busy summer months might be enough to make the rent.

Swiss bank UBS believes gold is gearing up for its next upward move and although it has already reached record highs, investor positioning does not appear to be particularly high.

Tax cuts for those who choose to own homes for long-term rentals, and tax increases for those who more intensively exploit their property with Airbnb-type leases, are bringing pressure to bear on the government for measures to bring down rents.

Growth for Greece, austerity for others - "Maintain the performance of recent years" the Commission's message