BULGARIA
Eurostat estimates indicate that Bulgaria experienced the highest year-on-year increase in house prices within the EU during the third quarter of 2024, with a 16.5% rise as measured by the House Price Index. In the period under review house prices increased by 2.6% in the euro area and by 3.8% in the EU compared with the same quarter of the previous year.
CROATIA
A number of tax laws have been changed from 1 January 2025. After a long period of noticeably low tax burden on short-term rent, flat rate tax is increased: new range is between EUR 20 and EUR 300 per bed or accommodation unit. Different tax brackets are prescribed for four categories, according to the index of tourism development of the area, according to CMS Law-Now.
CYPRUS
Data released by the Statistical Service of Cyprus indicates a 30.9% decrease in approved building permits in September. This decline, resulting in 423 permits, €160.5 million in construction value, and 129,100 square meters of coverage, is attributed to operational difficulties related to the implementation of the new “Ippodamos” integrated information system and modifications to the permit approval process.
GREECE
An analysis by PriceLabs reveals that the Greek short-term rental market is predominantly comprised of small operators, with nearly 80% of online listings attributed to individuals or managers with portfolios of 10 or fewer properties.
ROMANIA
According to Colliers’ annual report, real estate investments in Romania totaled €750 million in 2024, marking a 58% increase compared to 2023. However, this figure is slightly below the average annual investment of €800 million observed over the past ten years.
To read more Romanian real estate news click here.
SLOVENIA
Data released by the Statistical Office of Slovenia indicates that dwelling prices in the third quarter increased by 1.7% compared to the preceding quarter and 7.9% year-on-year. Concurrently, sales of existing dwellings reached their lowest level in 14 years, with 1,653 transactions representing a total value of €261.8 million. Furthermore, 84 newly constructed dwellings were sold for approximately €25.1 million.
