Hotel investments are the big winner of the Greek real estate market

Hotel investments are the large victor of the Greek existent property market, with the forecasts for the 2nd fractional remaining powerfully positive, successful the Property Market Outlook for Greece of the American Hellenic Chamber of Commerce for the archetypal fractional of 2025.

According to the Real Estate & Development Committee, the summation successful tourism, the stableness of the economical situation and the beardown request from overseas investors are fueling the dynamics of the edifice sector. The survey notes that hotels – on with vacation homes and offices – volition proceed to determination upwards, successful opposition to concern spaces and commercialized stores that are showing signs of pressure.

At the aforesaid time, the survey highlights the challenges that travel the affirmative people of the sector: precocious operation costs, uncertainty astir the NOK and the deficiency of a skilled workforce. These factors tin impact the gait of caller edifice developments, adjacent if request remains strong.

The Chairman of the committee, Lefteris Sikalidis, underlined that the Greek hospitality marketplace is astatine a crossroads: “Despite its momentum, it is called upon to equilibrium betwixt maturation prospects and challenges, specified arsenic outgo and availability. The survey provides a realistic representation and forecast for the 2nd fractional of 2025, constituting a reliable notation for the edifice assemblage and a instrumentality for making informed decisions.”