Our View: Offering Value
CEO, Enterprise Greece
Greece is one of the fastest growing economies in Europe. Last year the Greek economy expanded at a faster-than-expected 5.9% rate. This year, Greek GDP is also expected to outpace the rest of the Eurozone.
Hand in hand with Greece’s economic growth, the country welcomed a record €6.2 billion in foreign direct investment last year. About a third of that total was in property-related investments.
Greece has a compelling story for real estate investors. Greek property assets remain highly attractive, the country has an unbeatable geostrategic location, and it’s one of the world’s top tourism destinations.
Further, there are new growth opportunities in both existing and emerging sectors. Just around Athens, for example, the €8 billion redevelopment of the old airport will transform the Athens Riviera into a new destination, while the new freight village at Thriassio will turn Greece into a regional logistics hub.
So despite headwinds in global property markets, Greek real estate offers good value for smart investors.