.ALBANIA
The prices of apartments and properties in Tirana have increased by up to 30% over the past year, Euronews reported. For market experts, the main causes are the high costs of labor, raw materials and taxes. Apartment prices in the capital continue to rise. .
.BULGARIA
Bulgaria saw a significant annual increase in property lending, reaching nearly 24% in April according to Bulgarian National Bank data. Investments in real estate continue to surge, buoyed by lender enthusiasm and buyer demand, Novinite reported.
.CYPRUS
President of the Cyprus Real Estate Agents Registration Council Marinos Kineyirou on Monday called for stricter regulation of short-term rentals in Cyprus. According to a Cyprus Mail report, the council president highlighted the adverse impacts on the economy, particularly on the tourism and real estate sectors, stressing the need for government intervention.
.GREECE
From the beginning of 2017 until the first quarter of this year, the increase in house prices nationwide came to 66%, while in Attica the increase in prices was even greater, amounting to 85%, according to Kathimerini. Most aspiring Greek homeowners are finding it increasingly difficult to find a property they can afford.
MOLDOVA
In January-March 2024 investments in long-term assets amounting to 5.0 billion lei decreased with 2.8% (in comparable prices) compared to January-March 2023, of which investments in tangible assets amounting to 4.8 billion lei (decrease with 4.2%) and investments in intangible assets amounting 0.2 billion lei (increase with 38.1%), the National Bureau of Statistics informed.
MONTENEGRO
The real estate sector in Montenegro has benefited from multi-million purchases by wealthy foreigners using digital money, BIRN reported. According to Ministry of Interior data from June 2023, more than 96,000 foreign citizens with temporary or permanent residence permits live in Montenegro, which is about 15% of the total population.
.ROMANIA
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