Greek daily news

Greek Daily News 08/01/2024

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ECONOMY

-Winter sales kicked off this Monday, running through the end of February. Confronted with persistent increasing costs, many consumers have become “value hackers” (bargain hunters), adopting new methods to make the most out of their money, To Vima reported.

-An important opportunity for Greece and the Greek economy in 2024 is the rebirth of the shipping cluster with focus on the port of Piraeus, Naftemporiki reported.

REAL ESTATE

Banks and real estate market operators are predicting a mild decrease in home sales prices for 2024 since, as they estimate, the rally of the last two years is coming to an end, Kathimerini reported.

TOURISM

Short-term rentals beat hotels on beds: Greece had 212,199 short-term rental accommodations with 392,118 rooms and 939,167 beds in July 2023, according to the Annual Greek Tourism Report of the Institute of the Greek Tourism Confederation (INSETE). Hotels, which number 10,087, have 443,835 rooms and 885,624 beds.