News

Athens Takes A Huge Leap In Property Investor Preferences

Date: 01.04.2019 / By Nikos Roussanoglou / Ekathimerini.com / Comments (0)

The appeal of the Greek property market, as reflected in the increase in competition among interested institutional investors, is expected to grow in the future, especially if the country’s economic recovery continues.

A PricewaterhouseCoopers report this year for the Urban Land Institute, recording investment prospects in the global property market, has placed Athens 15 places higher in the European chart than last year: It has climbed from 29th to 14th spot in one year. That is the best position the Greek capital has secured in this chart since 2015, when it had climbed to fifth spot. In the years that followed Athens was always positioned in one of the lowest spots.

This year’s report notes that the emergence of the Greek economy from the bailout programs and the country’s return to the money markets are positive developments that will gradually favor the property market too, as long as this is combined with an increase in the economic growth rate.

According to one of the investors who analyzed Greece, this is an emerging market with a hard currency, which has gone through a difficult period and still has a long way to go before it can be said to have recovered. “In a sense, the hard currency is an advantage, as it offers investors a certain stability and confidence. On the other hand, it does not allow the economy to find its new balance.”

In this context investors appear optimistic regarding the office market too, as it is expected to offer the best prospects for capital gains and rental rate growth. Several investors actually point out that the opportunities in the market mostly concern the sector of new office building development, because there is a major shortage in modern spaces, given that supply has been minimal in this niche over the last few years.



http://www.ekathimerini.com/239126/article/ekathimerini/business/athens-takes-a-huge-leap-in-property-investor-preferences

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON