Our View: Your place in the sun
CEO, Enterprise Greece
Prospects for Greece’s property market remain bright. Despite a recalibration in real estate markets worldwide, asset prices across several Mediterranean markets – including Greece – remain attractively priced and offer a wide range of investment opportunities.
In the last few weeks we have seen just how wide that range is: from hotels to logistics facilities, from residential properties to land parcels for industrial use, investors continue to be drawn by the broad variety of property assets Greece offers. And, of course, Greece continues to offer breathtaking natural beauty, a Mediterranean climate and an attractive lifestyle.
The latest third quarter data from the Bank of Greece show that sales prices for residential properties in Greece are accelerating. A new Deloitte report show that Greece remains one of the Top 10 investment destinations for hospitality in Europe. And late last month, the UAE sovereign wealth fund took a stake in one of Greece’s most promising real-estate related startups.
So even though global, real estate markets are facing challenging conditions due to rising interest rates and slower growth − Greek property prices and Greece’s investment story continue to attract.