Member Info for Bigwil7

Property prices pick up pace

http://www.ekathimerini.com/249728/article/ekathimerini/business/property-prices-pick-up-pace

House prices last year rose at the highest rate recorded since 2006, according to Bank of Greece data released on Wednesday, in a clear indication of the recovery of both the market and the economy in general.

It just goes to show how easily this system of recording trades can be manipulated to mislead.

This month:

If you believe the system - buys 2.6M and sells (double this) 5.3M.

BUT

What ACTUALLY happened IMV- buys 4.1M and sells (LESS than this) 3.8M.

Holiday Home Demand Boosts Greek Property Market

https://news.gtp.gr/2020/02/06/holiday-home-demand-boosts-greek-property-market-at-lesser-known-destinations/

Greece’s real estate market recorded solid growth in 2018 and 2019 seeing higher property asking prices and acquisitions, with property investment growing for the seventh consecutive quarter – a sign that the sector is recovering.

Popular tourist areas attracting increasing demand include Corfu, Rhodes, Halkidiki, and Crete, and the more alternative destinations such as Messinia in the Peloponnese, Kos, and Symi in the Dodecanese, and Lefkada and Zakynthos, in the Ionian Sea.

Stavros Niarchos Foundation

https://www.tornosnews.gr/en/tourism-businesses/thematic-tourism/38887-stavros-niarchos-foundation-sees-access-to-culture-as-a-necessity-for-all.html

The discussion featured Renzo Piano, architect of the Stavros Niarchos Foundation Cultural Center (SNFCC);

IMV the positive changes ref new govt bending over backwards to attract inward investment, tax incentives will be of considerable assistance to this company. Hence the topical articles. IMV a deal will be very soon that will prove the current market cap of £7M is far too low. IMV there are some ( you included) living in the past and they need to be informed of developments that will be of assistance to this company to achieve its goals. IMV the market (and you) have their head in the sand and steadfastly refuse to wake up to the change in circumstances that is developing and will do nothing but benefit the company.
Just trying to balance up the negative sentiment on this thread with a bit of positive reality.

7 bln euros of investments to land on Crete

https://www.businessdaily.gr/english-edition/10362_7-bln-euros-investments-land-crete

Energy, transport and infrastructure projects, worth seven billion euros, nearly four percent of the country's annual economic output, are on the agenda in projects set to lead the island into the next decade.

Greece Has the Largest Number of Goats Per Capita in Europe!

https://greece.greekreporter.com/2020/02/05/greece-has-the-largest-number-of-goats-per-capita-in-europe/

Greece's holiday home market hot, yields beat Nice and Saint Tropez

https://www.businessdaily.gr/english-edition/10281_greeces-holiday-home-market-hot-yields-beat-nice-and-saint-tropez

In a report, Algean said there was strong demand in areas of high tourist interest, either by the seaside or on mainland Greece, last year. Mykonos, Paros, and Santorini were once again top picks for foreign buyers, while next on the list came Corfu, Rhodes, Chalkidiki, and Crete

UAE to promote Greece as the top tourist destination in Eastern Med

https://www.tornosnews.gr/en/tourism-businesses/hotels/38822-uae-to-promote-greece-as-the-top-tourist-destination-in-eastern-med.html

UAE side expressed a strong intention to promote Greece as the strongest tourist destination in the Eastern Mediterranean region. At the same time, state investment companies expressed a strong interest in investments in Greece in the agrifood sector, tourism and real estate.

Or perhaps...………..?

Greek Tourism Minister Invites French Investors to Bet on Greece Now

https://news.gtp.gr/2020/01/30/greek-tourism-minister-invites-french-investors-to-bet-on-greece-now/

A friendlier investor environment combined with growth-driven policies are the two key reasons cited by Greek Tourism Minister Harry Theoharis in Paris, on Wednesday, that make Greece an opportune investor choice.

Theoharis went on to add that the growing demand for travel to Greece has not only created the need for new investments but for higher quality projects focused on sustainability as well as on education and training.

The minister underlined the importance the government has placed on the further development of tourism, which he said is a top priority and includes support measures such as tax breaks and incentives.

Maybe...…….?

Greek Tourism Minister to discuss specific investments by Saudi Arabia

https://www.tornosnews.gr/en/tourism-businesses/new-investments/38809-greek-tourism-minister-to-discuss-specific-investments-by-saudi-arabia.html

According to government sources, talks focused on regional developments and investments, while targeted investment projects will be discussed during a March visit to Riyadh of Development and Investments Minister Adonis Georgiadis and Tourism Minister Charis Theocharis, sources added.

ING: Greek real estate to rank among Europe's best in 2020

https://www.businessdaily.gr/english-edition/8247_ing-greek-real-estate-rank-among-europes-best-2020

In a report, ING said that price growth in Greece, France, and Italy will outperform levels seen in 2019. In Greece, the report said, "there was a clear turnaround in 2019 and we expect that the recovery will continue in 2020," with prices forecast to advance by nearly six percent.

The seller's keeping everyone on their toes!

Even with yesterdays effort momentum is still building. Take the last four months:

Oct buys 1.75M sells 1.25M net 0.5M

Nov buys 2.32M sells 2.65M net (0.33)M

Dec buys 4.65M sells 4.80M net (0.15)M

Jan buys 7.73M sells 6.45M net 1.28M

So even with yesterdays effort included the buys had it for Jan by 1.28M and at Jan 30th they were ahead by 2.44M which, had it not been for yesterday, would have shown significant momentum moving into February.

Turning optimism into sustainable growth

http://www.ekathimerini.com/249090/article/ekathimerini/business/turning-optimism-into-sustainable-growth

It’s official – the Athens Stock Exchange was the best performing equity market in Europe last year, reflecting international investors' newfound confidence in Greece’s recovery. Across the board, foreign investors are putting their money in Greek assets from stocks and bonds to real estate and helping to drive foreign direct investment in Greece to record highs.

Financial markets are leading economic indicators. And the recent capital inflows from abroad are very welcome: Lower bond yields reduce Greek corporates' borrowing expenses and the revival of the stock market is one step toward reawakening Greece’s moribund IPO market. Privatizations are also being speeded up – including the redevelopment of the old Athens airport plot at Elliniko – bringing fresh revenues for the government and jobs for the unemployed.

After lengthy discussions, which started in the summer of 2018, we have been able to appoint an internationally recognised team of designers, architects, and planners (the “Team”) to provide designs and plans, which themselves will enhance the site’s natural attractions to partners. The Team includes, inter alia, Desani, an internationally known design consultancy with offices in Los Angeles, Chicago, London and Athens, Vassily Laffineur an Associate at the award winning architects, Renzo Piano Building Workshop (the Workshop), plus the renowned group of master planners at Chicago Consultants Studio (CCS).

Both Desani and the Workshop are experienced in Greece, where the Workshop were the architects for the Stavros Niarchos Foundation Cultural Centre in Athens, a €566m project completed in 2016 and gifted to the Greek state in 2017.

For Itanos Gaia the task has been to create an updated master plan plus contemporary and high-end plans for the villas and hotels within the Project. These designs, under the new title the ‘Cloisters of Toplou’ (a name derived from the beautiful cloisters within the Holy Monastery of Toplou whose donation of land made the Project possible), have been released to selected international clients of the Team who have expressed an interest in partnering with Minoan for hotel and or villa development. The reaction has been very positive and discussions continue.

Visitors to Stavros Niarchos Foundation Cultural Centre reached 6.3 million in 2019

https://www.tornosnews.gr/en/tornos/city-breaks/38738-visitors-to-stavros-niarchos-foundation-cultural-centre-reached-6-3-million-in-2019.html

The number of visitors to the Stavros Niarchos Foundation Cultural Centre (SNFCC) continues to rise and reached a total of 6.3 million in 2019, three years after its handover to the Greek state.

Tax deposit discount proposed for firms making investments

www.ekathimerini.com/248867/article/ekathimerini/business/tax-deposit-discount-proposed-for-firms-making-investments

Companies making plans for investments could look forward to a reduction of taxation by 30 percent from 2021 if Greece’s creditors approve a government proposal for utilizing the profits of eurozone central banks from Greek bonds (SMPs and ANFAs) for investment purposes.

The government proposal also includes certain recommendations about major state projects for funding, such as the Northern Crete Highway, as well as some digital projects.

International groups boost realty sector

www.ekathimerini.com/248866/article/ekathimerini/business/international-groups-boost-realty-sector

Foreign groups have carried out investments worth tens of millions of euros in 2019 for the acquisition and development of properties in Greece. These are groups that came, saw and decided to invest in the local realty market, acknowledging the significant prospects of future capital gains.

This influx of funds is proving valuable in helping the local market recover from the considerable investment shortfall of the last decade in property development, as – with the exception of a handful of companies – Greece has been left with few important players who are in a position to design and finance major investments.

Tax deposit discount proposed for firms making investments

www.ekathimerini.com/248867/article/ekathimerini/business/tax-deposit-discount-proposed-for-firms-making-investments

Companies making plans for investments could look forward to a reduction of taxation by 30 percent from 2021 if Greece’s creditors approve a government proposal for utilizing the profits of eurozone central banks from Greek bonds (SMPs and ANFAs) for investment purposes.

Lassithi - 'Crazy' demand for villas, old houses and coastal plots

https://cretedoc.gr/lasithi-treli-zitisi-se-viles-palia-spitia-kai-parathalassia-oikopeda/

The interest of foreign investors from European Union countries, who have found that real estate values ??in Southeast Crete have fallen too low in the last ten years, are rushing to take advantage of the opportunities presented.24/01/2020