Greece Real Estate News
Greece
Prime Global Residential Rents Hit Record High in Q1
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
According to HVS' latest annual European Hotel Transaction Report, hotel transactions for 2022 totaled €13.3bn ($14.4bn USD), an 18% fall on the previous year as the impact of the Russian invasion of Ukraine, rising energy and food costs and high interest rates hit investor confidence.
European Hotel Values Upticked 3 Percent in 2022
According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe rose around 3% in 2022 with Paris, London, Zurich, Amsterdam and Rome remaining those with the highest valued hotels.
Third-Party Hotel Operators Set to Increase Across Europe in 2023
According to a new report from global hotel consultancy HVS, the number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits.
