Tuscany is a region in central Italy with an area of about 23,000 km2 and a population of about 3.8 million (2013). The regional capital and most populated town is Florence with approximately 370,000 inhabitants while it features a Western coastline of 400 kilometers overlooking the Ligurian Sea (in the North) and the Tyrrhenian Sea (in the Center and South).
The Prefecture of Halkidiki is located in the southeastern portion of Central Macedonia and consists of a large peninsula in the northwestern Aegean Sea resembling a hand with three "fingers" – Kassandra, Sithonia, and Agion Oros which contains Mount Athos and its monasteries.
In December 2008, we put together an article titled "The Changing Face of the Greek Hospitality Market" outlining the situation in the Greek hotel market at that time. Nearly eight years later, and after a volatile period inside and outside the country, we think it is appropriate to update our findings since we all live in "a completely different world" which has been profoundly transformed in terms of the sense of general prosperity prevailing in the Western economies since the mid-2000s.
Patras is the regional capital of Western Greece and the country's third largest city. It is located 215 kilometers west of Athens, within Achaia Prefecture, while the port of the city serves as the main gateway to Greece from Western Europe.
This article provides an overview of the luxury tourism mixed-use developments and vacation homes market in Greece. We provide information regarding pricing and the background of the market, as well as a brief overview of legislation relevant to this market in Greece.