Real estate

The owners of a mansion overlooking the Acropolis in Athens have denied authorizing the sale of the property, following a report in Kathimerini earlier on Wednesday about the listing.

The cancellation of the auction scheduled for Wednesday, November 13th, against the publisher Ilias Livanis was announced by the law firm representing him.

The auction was related to a property he owns in the Lycabettus area.

While boosting the housing stock is recognized as the only way to control real estate prices, the state remains the owner of the largest stock of vacant real estate.

It's time to find a way to put half a million state-owned properties back on the market. Not only for the sake of the revenue that will end up in state coffers, but also to deal with the scourge of unaffordable housing.

According to the latest Global Property Index from international consulting firm Deloitte, Bulgaria boasts the highest number of dwellings per 1,000 people in Europe, with 668 homes for every 1,000 citizens.

Aiming to simplify the procedures of property transfer, registration or correction procedures, the Ministry of Digital Governance has submitted a draft law to a two-week public consultation with the objective of having the new Hellenic Cadastre up and running within 2025.

A settlement for the Land Registry comes to resolve a years-old pending issue that has plagued thousands of property owners who are unable to transfer their property.

Approximately 10 billion leva from the gray economy, including bribes, tax evasion, and other illicit activities, must be clarified before Bulgaria adopts the euro. This process is expected to be challenging as these funds are currently hidden away, figuratively speaking, in "mattresses and jars."

The key elements of the new cadastre bill were presented by Minister of Digital Governance Dimitris Papastergiou and Deputy Minister Konstantinos Kyranakis during the cabinet meeting on Tuesday.

The main goals are to complete the cadastre by 2025, incorporate artificial intelligence (AI) into the legal review of contracts and streamline real estate transfer procedures.

The holiday property market along Bulgaria's Black Sea coast is experiencing a shift away from its previous dominance by Russian buyers, now attracting a blend of younger Bulgarian professionals and retired Europeans.

Τhe foreign universities bring new agreements and prospects to the commercial real estate market