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| WWW.CAPITAL.GR |
21-07-2010 |
In fact properties prices have not fallen
As is known the rate of home ownership in Greece is very high compared with other countries in the world. For Greeks, therefore the property market was still "traditional" investment. The need to find housing will always lead to what we were told our ancestors: “Whatever you do in the future, if you have a piece of land there is no reason to worry”. This sentence therefore reflects how they think the biggest part of the property market for several years now.
The crisis creates opportunities for those with cash. Opportunities are created especially for properties which do not concern the majority buyers. In this category we might note that the reduction rate is well above 15%.
The demand for the most part purchasers concerns mainly residences until 20 years and until 100m2, ie, which aren't very old and cover the basic needs of most.
This price drop recorded by the statistics for the transactions is not possible to give us time for a clear picture of the "how" the market is moving. This decline 5% to 300,000€ property translates into reduced 15,000 euros, for example, from 300,000 euro to 285,000 euro. Similarly reduction of 10% is equal to 30.000 euros, for example to 270.000 euros.
So even in the light of appearing below reductions, the prices actually have not receded. This is because we know that such price reductions occurring and before the crisis, always in good and continuous trading through brokerage firms.
Therefore, to change something drastically in price is necessary to change the mentality of the purchasing public, which should be constantly pushing the vendors, but within a reasonable framework. Above all must change the mindset of sellers, which results in most cases the "Since so much money I need and do not care when you sell the house. Until now there is a perception that because the crisis has become possible to acquire the property for 300,000 euros to 130,000 or to 150,000 euros.
Such values even buyers with cash can not succeed even if specifically for that category, there is a greater reduction in price, compared to those who rely on bank lending. Furthermore, although the valves of the banks have narrowed dramatically, making it difficult to market (three out of 10 applications approved and usually up to 50% of the value of the property), the increase of objective values in 2011 is considered by many experts to be an important factor which create significant momentum for the period September - December 2010.
With the increase was intended to equate the market with the objective value and therefore will not undergo major variations occurring now. Therefore, the levy of taxes would be closer to the real - market value of the property. Repeated if the buyers - sellers still want the assessed value be indicated in the contract, then this is the true value by a small deviation.In conclusion, we all know that our country is going through a rather difficult period, but this does not mean you have to bow our heads and pessimism.
The fear which has been created because of the crisis (consumer spending has dropped dramatically) restrains the movements of buying in low levels. It must however be remembered that:
-The purchasers of the housing market will always exist
-New families are created and therefore are in search of shelter
-Students are seeking housing for rent
-Professional rehoused in smaller spaces
Obviously, these market segments will not disappear, nor will it cease to be interested in acquiring property. Perhaps their criteria and requirements to change and adapt to current circumstances, always, ever, however, will not disappear.
Athanasios Zirogiannis
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| DOLPHIN CAPITAL INVESTORS - Invest 300 million in Porto Heli |
30-05-2010 |
DOLPHIN CAPITAL INVESTORS - Invest 300 million in Porto Heli The first residential Amanresort in Europe, luxury beach Vacation, and 18-hole golf courses, it includes the complex Porto Heli Collection, the construction of which started recently in Porto Heli. The investment of 300 million euros from the company Dolphin Capital Investors should be completed in spring 2012The investment project of the company in Greece is estimated at 2 billion euros, while apart from Porto Heli Collection, including investments in five other major projects in Sitia, the Kea, the Nies Magnesia Skorponeri Viotia and the eastern tip of Crete.As highlighted during the presentation of the complex Mr. Miltos Kambouridis, co-founder of Dolphin Capital Partners, the investment in the tourist resorts of development may be the antidote to the economic crisis and misery that transpires. However, these need to be done to reduce significantly the problems posed by the Greek bureaucracy and beyond. The lack of land-use plan, the lack of land and forest maps, the ease with which anyone can stop the progress of a project, but the lack of a clear institutional framework for the sale of tourist residences on golf complexes are some of the problems investors in Greece. All these - and many others-have a common denominator significant delays. However, Porto Heli Collection is under construction. The projects will be completedat the end of 2011 and the opening of hotels planned for spring 2012. In the heart of the complex they will exist also luxury holiday residences for sale. This value even exceeds 10,000 euros per square meters. These big houses over 100 m embedded in a large resorts land in a great location. The owners can enjoy all the services quality of resorts. Also, they may be granted for rent the period that will be absent and thus they will gain a significant amount. Sales have begun. So and the housebuilding, but it will deliver with hotels openings. Note that the buying interest is strong from people looking for a permanent home for vacations or permanent residence after retirement, mostly from Northern Europe, Russia and the Middle East.
What will include in Porto Heli Collection
Location: Porto Heli Argolidos
Extent: 3.470.000 m2
Composition:
· The first residential Amanresort in Europe (with 38 hotel suites, spa, beach club, residences)
· Coastal residences (The Beach Villas)
· The hotel “Beach” with suite and served apartments
· The hotel “Chedi” with 102 rooms, spa, 40 club suites and 40 residences.
· The Jack Nicklaus Signature Golf Course 18 holes
· A hotel Golf Boutique with roughly 140 suites, golf clubhouse and 225 residences golf
· Equestrian Centre, Tennis Academy, kid's club, beach club.
Source: Newspaper "TA NEA" 13-05-2010
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| Dolphin Capital Investors: Gearing up four projects |
12-04-2010 |
Gearing up for its construction are the four main projects(In Porto Heli Collection, Peloponnese, the Venus Rock Golf Resort, Cyprus, Playa Grande Club & Reserve, Dominican Republic and the Pearl Island Resort, Panama) listed in the London Stock Exchange AIM, Dolphin Capital Investors, after having completed all the planned licensing procedures for implementing the first phase them.It noted, inter alia, a statement issued by the interests company of Miltos Kambouridis.
Specifically, in Porto Heli referred to in this publication, the manufacturer DOMOTECHNIKI Inc. already installed and works have started. And the Aristo Developers in 2.5 years belonging to the Dolphin, has been selling in Cyprus more than 800 properties with profit of 240 million euros and has built and delivered to customers 1118 residences.
Source: Express.gr 18/03/2010
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| KATHIMERINI |
16-02-2009 |
Investments of 3 billion Euros from Dolphin Capital
Particularly ambitious is proved Dolphin Capital Investors in regard to her investment program in the domestic market of seasonal residence and tourism. The company announce the start of the development for two big investments in the wider region of Ermionida in Argolida within the year, with total height of 350 millions of Euros. Killada Hills Golf Resort will take place in an extent of 2.500.000 square metres (m2), near to Porto-Heli, constituting investment of order of 250 millions Euros. It will include a luxurious hotel unit of Chedi with 71 rooms and 40 suites, while is framed by moreover 250 residences and golf course.In the complex will be also available 45 villas that will bring the signature of Chedi. The necessary licenses for the first phase of the investment project (50 millions of Euros height) are now acquired and as a result the company undertakes the processes for the finding of contractor of constructional company.
The same applies to the first phase of the other investment in the region, where it concerns the complex of Seascape Hills Resort. In extent of 960.000 square metres (m2) in the region of Ermioni, it?s expected the growth of a luxurious complex with hotel and villas of chain Aman Resorts. The budget of the project shall be 100 millions of Euros. The presence of Aman Resorts seems to be determinative and for the course of sales of luxurious residences, since the average selling price of the residence area will amount in an unrealistic, for the Greek data, sum of 6 millions of Euros as reported by the executives of Dolphin. In this frame, a large part of promotion measures will turn to buyers from abroad. According to the company, there is a market for such dwellings even at this difficult economic situation. In total Dolphin is planning investments of order of 3 billions of Euros in the Greek market in 9 extents that have acquired, in Milos, Crete, Magnesia, and Viotia.
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| WWW.CAPITAL.GR |
09-02-2009 |
Dolphin Capital tourist units construction
Within 2009 it is expected to begin in Peloponnesus (near Porto Heli)the manufacture of the tourist units Kilada Hills Golf Resort and Seascape Hills Resort of Dolphin Capital, budget 250 millions of Euros and 100 millions of Euros respectively, as reported today by the administration of the company in meeting with journalists. Kilada Hills, that has extent of 2.500.000 square metres (m2) will be constituted by 45 autonomous residences, 250 beds, and it will include spa and golf course. Seascape will occupy 960.000 square metres (m2), and will be constituted by 40 rooms and 40 residences.
The function of the two resorts designed to start the summer of 2011 and is expected to occupy in these 800 workers.
It is noted that the aim of the administration is to provide customized services in the tourist public. Indeed, it is forecasted correspond two people of the Hotel staff per visitor.
As mentioned, it?s possible the manufacture of seaplane airport by the municipality of Porto Heli in order to facilitate the access to the region.
Finally, it is reminded that Dolphin Capital, listed in grant AIM (Alternative Investment Market of LSE) of London and was founded in 2004 by Milto Kampoyridi and Pier Charalampidi, is active in the sector of tourist development.
Dimitris Delevegos
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| 2ND INTERNATIONAL GREEK REALESTATE EVENT |
18-11-2008 |
As we had announced we participated in the 2nd international Greek Realestate even that took place in London (in the foreign press association building). We had the opportunity to communicate with agents, investors and journalists from all Europe and let them know that the Greek Realestate and especially domestication (domestic and vacation) areas are strong enough against the late crisis. we have strong belief that the Greek land and the Realestate in general will be leading the Greek economy in the forth coming years!
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| INTERNATIONAL GREEK REAL ESTATE EVENT |
30-10-2008 |
ROADSHOW
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| NEW ROUTES |
01-10-2008 |
Two new important infrastructure works are about to be completed as the route Athens-Porto Heli is changing for the better.
1. The new 5 kilometres road of mountain Didymo that will be available the next two months. Drivers can now avoid many dangerous turns and reduce the time of the trip.
2. The new Nafplio - Epidavros road will also be available in order for the vacationers to have easy access to the ancient theatre of Epidavros, the archaeological sites of Mykines and Tyrinth, as well as the city of Nafplio witch is one of the most beautiful cities of the country(!).
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| SUMMER 2008 |
12-09-2008 |
Nowadays economic crisis has an influence in many countries such as Greece. Although this summer was dynamic in the fields of real estate and infrastructure at the area of Porto Heli.Many significant real estate actions took place but the most important is that some works of vital importance are under construction from now on.
-Marina construction in Porto Heli.
-Plans for marina construction in Ermioni.
-Biological purification of the sea function in the gulf of Ermioni (after many years of efforts).
All these will contribute in order for this oasis to distinguish and to become more beautiful and more clean.
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| Updating |
24-07-2008 |
Our website is being continuously updated! Every day our website administrators are adding and editing new material, for this reason you can visit out webiste as often as possible so that you can be always updated with all new developments in REAL ESTATE in the greater area of Argolida. Your comments and feedback are always welcome, please visit our " CONTACT" page and send us your message. We will answer as soon as possible. Thank you.
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| Welcome to our new website! |
08-07-2008 |
Welcome to our new website...
Here you will find information relating to all of our company's activities in the greater area of Argolida and Athens, you will see all the property available for sale & development, you will find real estate investment opportunities and receive the latest news concerning REAL ESTATE in Greece.
The true meaning of domestic REAL ESTATE is located here...
The Greek land is a golden share.
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