According to surveys concerning the domestic Real Estate, the Real Estate market is characterized by increased investment prospective. Even though the upward trends that have occurred before the outbreak of the pandemic have been suspended, many companies steadily continue their investments, without showing a decline.

Specifically, what is provided…

In the long run, the growth rates of the Greek Real Estate are expected to rise, according to the head of Hines Greece, Paul Gomopoulos.

Stelios Zavvos, the president of Orilina Properties, believes that the e-commerce flourishment has led to significant investments in the storage and industrial sectors.

The “Real winner” of the pandemic are the data centers, where large companies such as Amazon, Microsoft and Lamda Helix have made remarkable investments, as the founder of Grivalia, George Chrysikos, characteristically stated.

The head of Piraeus Real Estate G. Kormas, noted that for a long time the subsidiary of Piraeus Bank has turned to the integration of new technologies and based on this framework, will soon launch an innovative feature in the real estate market. In addition, he added that the real estate in Greece did not collapse, with Piraeus Real Estate having managed to make significant investments, even during the pandemic.

The CEO of Prodea Investments, Aristotelis Karytinos, noted that the portfolio of AEEAP has limited exposure to the pandemic, as only 10% of it includes hotels and retail properties. According to him, the company has sufficient fluidity that allows the execution of its investment program and if necessary, will proceed with bond issue.

However, due to the pandemic, the plans of fluidity raise through the markets were postponed. Storage investments are at a good level, while hotels may have up to two tough years ahead of them. However, they will show a type V recovery that leads to high demand.

Finally, Tassos Kazinos, head of Trastor, has stated that the company made investments of 85 million euros in 2020 in warehouses and offices, which increased the value of its portfolio for about 290 million euros.

Source: Capital.gr