Greek Property Promotion

Archive for November, 2016 – Things to Take Note of While Investing in a Vacation Home

How many times will you frequent the place?

You’re all hyped about the fact that it’s your dream vacation home; everything looks too good to be true so without wasting any time you strike a good bargain for the home and everything’s settled. All of this hard work will go for a toss, if you never show up after a one-time vacation here. When choosing a place, make sure you want to return to it for vacations so that you are able to get your money’s worth rather than simply letting it stay locked and unoccupied.

Keep an eye on your budget

Under no circumstance should you go overboard with your finances. When calculating the cost of a home, consider the percentage of down payment, the monthly amount you will have to pay on the mortgage, insurance as well as the charges for the home’s upkeep that you will have to spend on. Be sure to understand, the entire cost involved and decide accordingly. It does not feel like a vacation, if you are bankrupt in the bargain right?

Spend a little time there

Once you make a decision on buying a home, you don’t really have the option to change the location or vicinity of the locality you reside in, even though it’s a temporary stay. So spend some quality time there before you make a decision. Check out the facilities and amenities available, what are the risks involved, the distance from your own residence and understand how things go about. Don’t even think about purchasing it unless you have taken these aspects into account.

Who will take care of it once you’re gone?

An empty home is a direct invitation for thieves and other kinds of burglars. So also, after your arrival, you won’t feel like stepping into a vacation home that is dusty and grimy which forces you to spend a day on cleaning it up. It’s a house not a hotel so make sure someone is there to keep a watch once in a while, collect mail and dust it up while you’re away. Install a security system or ask your neighbors to help you out a little on this.

Are the day-to-day risks in check?

Even the safest and quietest of places will have bad days when it has to tackle pesky insects, natural calamities or an unforeseen incident. Try as we might, risks are part and parcel of life. This is why, it is essential that you try to minimize the occurrence of these. So even if it is annoying bugs and creepy crawlies or floods and hurricanes, consider them seriously and take necessary precautions. The worst could be buying a home where the crime rate is at the highest peak. (Yikes!)

Thought about renting it out?

Even though your idea of a home away from home may mean no connectivity, peace and tranquility, it may not fit into the idea of the people who want to rent your vacation home. Renting your home can be an easy way to subsidize the mortgage but you need to put in time and effort to search for the right renters. Once you are a landlord, make sure you are aware of things like insurance, taxes and the hassles of finding a tenant and collecting fees with the renter from the beginning itself.

Collaborate with an agent

When you find a home that is the epitome of relaxation and rejuvenation, everything about it seems picturesque. You find everything on the surface impeccable except did you know about the back road that leads to the market place is closed six months a year? Of course, you wouldn’t know. It’s in such situations; a real estate agent comes in handy. They are able to solve problems as well as let you know about terms and conditions, hidden bonds and community events that you encounter, as a house owner.

What is your ultimate goal?

Ask yourself this last question. For what do you want the vacation home- for a place to retire, as an investment or a fun vacation refuge? There’s no harm in opting for one or all three aspects. Accordingly check out the location, size and features of the home you shortlist and make a budget on the same.

So you see, there are quite a few factors that need to be taken into consideration. A vacation home may be your secret hideaway from the world’s drama, a fun-place where you can make tons of memories to look back on years down the lane but it is also a solid investment in which you need to devote time as well as money into.

Don’t let the excitement of house hunting get the better of you. Think wisely; plan accordingly, keeping all kinds of risks and possibilities in mind and only when all these deeds are accomplished, relax, let your hair down and enjoy uninhibitedly!ς – Medical Tourism – a new segment at ITB Berlin

For the first time ITB Berlin 2017 will be fully devoting a platform to medical tourism, which has become an important fast-growing market. Medical service providers, hotels and destinations will be able to exhibit their products and services In the Medical Tourism Pavilion in Hall 3.2. Presentations and workshops will be held so that visitors can find out more about the latest trends and developments in this growth market.

Medical tourism has been increasing for years, for which there are many reasons. Some value the better quality of the medical infrastructure in certain countries and undergo measures that cannot legally be offered at home, such as fertility treatment for those who want children. According to a new report by VISA and Oxford Economics, the current turnover of the world’s medical tourism industry is around 439 billion dollars. Over the next ten years annual growth is forecast to reach up to 25 per cent.

According to David Ruetz, head of ITB Berlin, medical tourism offers huge prospects for the global tourism industry: “Over the next ten years three to four per cent of the world’s population will undertake trips motivated by offers of medical treatment. ITB Berlin aims to highlight this growth market and all its aspects and provide buyers and providers with a new platform.“

Demand and enquiries for this new segment are high. According to Thomas Bömkes, Diversity Tourism GmbH, the agency partnering with Medical Tourism at ITB, “The introduction of Medical Tourism at ITB Berlin will make it possible for everyone involved in medical tourism – hospitals, health insurances and healthcare professionals – to meet directly and exchange views.“ – Wifi at hotels and airports impacting the travel choice of tourists

As airlines try to persuade passengers to pay for Internet access at cruising altitudes, more airports and hotels are offering it free on the ground.

Countless studies have shown that wifi has become as important a consideration for hotel guests in recent years as access to a pool or complimentary breakfast.

According to a survey by iPass, nearly three-quarters of respondents said they have chosen a hotel property based on its wifi capability, with one in five claiming they make purchase decisions this way for every hotel stay.

Interestingly, an airline’s ability to provide wifi on-board is also an important consideration.

Half of the busiest airports in the United States now have free Wi-Fi, including Denver, Las Vegas, San Francisco, Phoenix and Houston. Dallas/Fort Worth plans to join that list in September, teaming with AT&T in a service that will give travelers 40 minutes of free Wi-Fi in exchange for viewing a 30-second advertisement.

Some 35% said they would now choose a carrier based on such functionality being made available to passengers. – Ryanair Launches ‘Cyber Week’ Promotion

Ryanair, Europe’s favourite airline, today (21 Nov) launched ‘Cyber Week’, its biggest ever promotion, offering 8 days of fantastic sales on the website and Ryanair app.

Kicking off today with a huge New Year sale, Ryanair has put 250,000 seats on sale from £9.99 on over 400 routes, for travel in January and February, which must be booked by midnighttonight (24:00hrs Monday).

Customers should keep an eye on and Ryanair’s Facebook and Twitter pages for the hottest Cyber Week offers – where the lowest fares in Europe are about to get even lower.

Ryanair’s Robin Kiely said:

“The temperatures have dropped and now our fares are getting even lower as we kick off ‘Cyber Week’, our biggest-ever week of sales. We have 8 days of amazing deals on the website and app, offering the best airfare deals in Europe.

We’re launching Cyber Week today with 250,000 seats on sale from £9.99 on over 400 routes, for travel in January and February, which are only available until midnight tonight. Customers should log on to to bag a bargain today – and watch out for some massive savings every day this week.” -

Крупнейшая выставкаЗАРУБЕЖНОЙ НЕДВИЖИМОСТИв Экспоцентре24–25 марта 2017 г.  стать участником – Cyprus property market showing signs of recovery

There are tentative signs that the property market in Cyprus is recovering with prices and sales rising and a return of interest from overseas buyers.

The latest quarterly index from the Royal Institution of Chartered Surveyors (RICS) shows price increases in almost all cities and particularly in Larnaca while the latest monthly data from the Land Department shows sales up 37% year on year.

The RICS data shows that prices for both houses and flats increase by 0.3% and 0.2% respectively in the second quarter of 2016 with the biggest increase for apartment in Larnaca with growth of 1.1% and houses in Paphos also up 1.1% for houses.

RICS has included prices for holiday homes for the first time and shows that values for apartments increased by 2.7% while prices for houses were up by 1.1%.

Year on year prices are also up. Compared to the second quarter of 2015 prices for apartments are up by 0.5% and for houses they have increased by 1.1%.

The lettings sector is also showing signs of recovery. Across Cyprus, on a quarterly basis rental values increased by 0.4% for apartments and 0.5% for houses while year on year they increased by 4.9% for both apartments and houses.

Throughout the country the residential market has bottomed out, the index report suggests and explained regions where the market dropped the most such as Paphos, Famagusta and Larnaca are showing some signs of price stability.

It also says that the outlook is positive as during the second quarter of 2016 the Cyprus economy showed some signs of stability, with the economy’s performance being better than expected and tourism mildly outperforming forecasts.

The October monthly report from the Department of Land and Surveys shows that year on year sales increased by 37% and this follows a rise of 44% in September, 50% growth in August and 26% growth in July, suggesting a positive upward trend.

Sales grew in all districts in October month on month led by Limassol with sales up 63%, followed closely by Famagusta up 62%, Larnaca up 28%, Nicosia up 25% and Paphos up 8%.

In the first 10 months of 2016 property sales have risen 32% to reach compared to the same period in 2015, led by Limassol with growth of 44%, followed by Famagusta up 33%, Larnaca up 29%, Nicosia up 26% and Paphos up 24%.

The official data also suggests that overseas buyers are returning to the Cyprus market. In October there were 45% more properties sold to international buyers but it should be noted that numbers are small, 161 compared to 111 in October 2015.

A breakdown of the figures show that sales to overseas buyers increase by 150% in Nicosia, by 100% in Famagusta, by 74% in Limassol, by 23% in Paphos and by 7% in Larnaca.

source: – World’s three largest luxury cruise ships meet for the first time at sea

Royal Caribbean International’s Oasis-class ships, Oasis of the Seas, Allure of the Seas and the new Harmony of the Seas, struck a chord, greeting each other at sea for the first and possibly only time. In a meeting of unprecedented proportions, the three record-breaking sisters came together to celebrate the U.S. arrival of Harmony of the Seas on the eve of the ship’s debut in her new permanent homeport of Port Everglades in Fort Lauderdale, Fla.

The Oasis-class ships are architectural and engineering marvels, boasting industry-changing and unexpected onboard experiences. Each ship features seven themed neighborhoods – a distinctive feature of the Oasis-class ships – and a number of spectacular features, adventures and thrills, including the lush and tranquil Central Park with nearly 12,000 plants and trees, FlowRider surf simulators; a thrilling zip line 82 foot long that races guests nine-decks in the air, luxurious multi-level loft suites with expansive floor-to-ceiling windows, the outdoor AquaTheater that hosts dazzling high-diving, aquatic and acrobatic performances, a Boardwalk with a hand-carved carousel, and The Rising Tide Bar, the first moving bar at sea.

The newest and youngest of the three ships, Harmony of the Seas, officially claimed the title of world’s largest cruise ship, beating her sisters by a mere foot in length and nearly 1,700 gross registered tons. The ship features a bold lineup of new thrilling experiences, imaginative dining, unparalleled entertainment and the latest technology, including VOOM, the fastest internet at sea. Harmony combines the iconic seven neighborhood concept with some of the most modern and groundbreaking amenities and offerings that will appeal to guests of all ages. From The Ultimate Abyss, a dramatic 10-story tall slide, to unparalleled entertainment including Broadway’s hit musical Grease, sophisticated dining in venues ranging from Jamie’s Italian Cuisine by celebrity chef Jamie Oliver to Royal Caribbean’s whimsical restaurant Wonderland, which is a unique culinary adventure for the senses, and robot bartenders, there is an adventure for everyone onboard Harmony of the Seas. – 2016 to be the best Chinese travel year despite slow economy

China’s economy is going through a downturn, as many of the foreign travel brands’ failures such as Uber or Airbnb probably couldn’t execute strategies that fit the Chinese market. And according to reports, this weaker Chinese economy negatively impacted the travel demand in China.

However, other reports showed that the Chinese travel industry had a good result and the projected growth for 2017 is also supposed to be better than average.

More than 589 million Chinese travellers took domestic and international trips during this year’s Golden Week in China, according to Ctrip. Taking place from October 1 to 7, this reported a huge influx of inbound tourists. With this humongous tourist movement, it is about 12 percent year-over-year increase in the number of Chinese travellers that travelled around China or abroad compared with last year’s Golden Week and double from 2014. The Chinese government created Golden Week in 2000 to grow domestic and international tourism, the latter being pushed especially hard with this year’s China-U.S. National Year of Tourism.

Chinese domestic and foreign trips see the highest of its tourism business during the Golden Week and are one of the world’s single largest annual movements of people.

China is the world’s largest outbound travel market and one of the largest for domestic tourism. The data don’t imply it’s been a banner year for all travel brands in China, particularly U.S. and other western brands like Airbnb and Carnival Corp., but it does discredit any assertions that China’s economy has put a major damper on its travel industry.

With more than 130 million outbound travellers in 2016, it’s a huge growth from 70 million in 2010. While Golden Week is only a snapshot of the total number of Chinese travellers that took trips so far this year, year-to-date revenues from travel brands in China are also significantly above last year.

Growth in mobile bookings has been fuelling many of these travel bookings as most Golden Week travel purchases were made on mobile devices. “Nearly two-thirds of digital travel bookings on Ctrip’s network were made on a mobile device, with desktops and laptops making up the other third,” said eMarketer’s analysis of the data.

Information Courtesy : Skift -Mobile check-ins is the latest trend in hotel industry

Technology is advancing at a faster pace than ever before, and this is changing both the expectations of patrons as well as the way in which the hospitality industry conducts its business. Some of the trends in industry are leading to great improvements and savings for hospitality industry companies; while some are changing how hotel developers plan their buildings, infrastructure, management structure and staffing requirements.

According to the most recent American Hotel and Lodging Association Lodging Survey, hotels are investing in technology. The survey of some 8,000 hotels, conducted by STR, showed hotels are making technology a priority.

Nowadays, hotel guests who travel with devices such as phones, tablets and computers no longer see Wi-Fi as a perk, but as a must-have when they check in at a hotel.

Hotel guests expect to be able to connect to the internet seamlessly and without too many interruptions, leading hotels to invest in better, faster Wi-Fi infrastructure so that people can do business and use their technology devices with ease when they book their stay.

Additionally, a recent report from the Global Business Travel Association also noted business travelers would book a room directly with a hotel in order to receive free Wi-Fi or high-speed Internet access.

The same J.D. Power rankings also showed that hotels need to better balance their investments in technology with human interactions and to continue paying attention to social media. – Innovation will be the theme in Bangkok for the PPW Asia 2017 Conference

PPW chairman Simon Baker has announced Innovation as the theme of the 2017 Asia conference in Bangkok.

The conference will take place from the 7-10 March,  the topic particularly pertinent, given that it underpins all facets of the property portal industry.

“The global online real estate industry is undergoing rapid growth.  This growth is on all dimensions – from visitation, to engagement, to revenue growth and profitability,” said PPW chairman Simon Baker.

“For established markets, this growth is being fuelled by product and user experience innovation but still tied to the traditional advertising model.  In emerging and early stage markets, this growth is also being driven by innovation in the go to market model, more specifically movement to the far more lucrative transaction stream.

“The Bangkok Conference will explore all aspects of innovation from product and user experience innovation through to changing business models.”