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Global real estate market news: March 2024

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⚡ Check out our recent video news-block about the main events on global property markets from prian.info

We are excited to present the first episode in Spring 2024

The main topics of this news-release:

  • Italy is ready to welcome “digital nomads”.

The country has been figuring out the conditions for hosting skilled individuals who can work remotely for the last 2 years.

While the local Parliament hasn't passed the law in its final form yet, they have discussed the details and revealed the main provisions for the new program.

  • Greece has confirmed tightening the conditions of the  popular “Golden Visa” program

Greece will establish three different investment thresholds and introduce restrictions on short-term rentals for the properties under the “Golden Visa” program

‼️ Update: the date when the new rules of the program come into effect was changed and this became known after shooting the video.

The new rules come into force on March 31, and there is no time left! So the Greek government has introduced a “transition period” until the end of the year.

  • The downturns in the real estate markets of France are beneficial to buyers.

The Federation of Real Estate Agents has issued a report about the current situation in the local market. The main highlight is the drop of sales in 2023. As the number of transactions decreases, the prices begin to decline as well. However, for those looking to purchase a property in France right now, the situation isn’t that bad.

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Tags: Greece, Italy, France, Market Analysis, Residence permit and citizenship, Immigration, Investment, Life abroad, Real Estate, Events

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Luxury real estate in Italy is becoming more expensive
The annual price increase has almost reached 7% in resort areas.
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The number of nights spent in EU tourist accommodation reached 2.9 billion in 2023.
Eurostat has published statistics on changes in housing prices in the EU for the third quarter of 2023
The dynamics differ when comparing the results with the third quarter of 2022 or the second...
There's a significant gap between the asking and actual prices of real estate in Attica
In some cases, it reaches almost 50%.
More than 9,000 applications under review. New data on Greek "golden visas"
Despite increases to Greece’s golden visa limits.
Greece is seeking ways to return 750,000 residential properties to the real estate market
The country has one of the highest rates of vacant housing in Europe.

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