The Bank of Greece has released its latest report on property prices in Greece, revealing a strong upward trend in both nominal and real terms. The report provides detailed insights into the annual and quarterly price growth across different regions of the country. Key Findings: Overall growth: Property prices in Greece saw a significant increase in 2023 compared to 2022, with a rise of 13.4%...
According to data analyzed by Greek scientists, this winter was the warmest in Greece's history, putting crops at risk and raising fears of another summer of devastating wildfires, Reuters reported. From December to February, the average peak temperature was 11.3 degrees Celsius (52.3 Fahrenheit), which is 1.8 degrees Celsius (3.24 degrees Fahrenheit) above the average maximum winter temperatures from...
Bringing your furry friend to Dubai can be a daunting task, but with proper preparation and knowledge, it can be a smooth and stress-free experience. Here are the key things you need to know: Pet Import Regulations: Minimum age: 15 weeks Maximum number of pets: 2 dogs Vaccination: Rabies vaccination must be administered between 21 days and 12 months before entry. Quarantine: Not...
As an investor, deciding where to put your money can be a daunting task. Two popular destinations that have caught the attention of investors are Dubai and Bali. Both offer unique advantages and challenges, making it essential to compare them before making a decision. Economic Strength: GDP Growth: Both the UAE and Indonesia boast impressive GDP growth rates, with the UAE at 5% and Indonesia at...
PwC Cyprus recently released its annual report on the real estate market, providing valuable insights into the sector's performance in 2023. The report highlights the remarkable resilience and adaptability demonstrated by the Cypriot property market throughout the year. Key takeaways from the report: Overall transaction value reached €5.5 billion, remaining at the same level as 2022. Larnaca...
The Cyprus Customs Department recently issued clarifications on the rules and regulations concerning the declaration of cash when entering or leaving the Republic of Cyprus. Key points to remember: Declaration Threshold: All passengers entering or leaving Cyprus must declare cash if it equals or exceeds €10,000. This applies to everyone, including those traveling from or to other EU member...
Limassol: Limassol Castle: a medieval castle built in the 12th century. Kourion Archaeological Park: ruins of an ancient city-state. Medieval Museum: a collection of artifacts from medieval Cyprus. Limassol Promenade: a palm-lined waterfront with cafes and restaurants. Fasouri Watermania Waterpark: one of the best waterparks in Europe. Larnaca: Church of Saint...
Tourism revenue in Cyprus reached almost €3 billion in 2023, a 22.6% increase compared to 2022, according to the Statistical Service. In December 2023 alone, tourism revenue reached €74.3 million, compared to €57.6 million in December 2022, an increase of 29%. For the whole of 2023, the tourism sector generated €2.99 billion in revenue, €0.56 billion or 22.6% more than in 2022. The average...
Real Estate in the Republic of Cyprus In 2023, 541 apartment buildings began construction in the Republic of Cyprus. They will soon be completed, adding several thousand new apartments to the housing market. A lack of decent housing is one of the problems Cyprus has faced in recent years. The shortage of supply has led to rising rents and property prices. High prices for building materials, inflation,...
Oman: Untapped Gem or Uncertain Gamble? Unveiling the Real Estate and Tourism Landscape Oman, a nation steeped in ancient history and breathtaking landscapes, is emerging as a potential player in the Middle Eastern real estate and tourism scene. However, like any emerging market, it presents a unique mix of pros and cons, potential and real risks, and growth points. Untapped Potential: Oman's tourist...