“Although the market in Greece is generally durable, there are already early pressure on certain categories of real estate. For the next six months, there is a positive march for hotels, holiday homes and offices, while industrial premises, shops and short -term real estate are likely to be lagging behind. “
This is evident from the overview of the first half of 2025 and the forecasts for the second semester of the Property Market Outlook for Greece published today by the Hellenic American Chamber of Commerce.
More specifically, as stated, the Hellenic Chamber’s Real Estate & Development Committee presented the Greece Property Market Outlook: H1 2025 & 6 -Month Forecast and the key points of this version are:
* The real estate market has moved positively to the sectors of hotel, home and country housing. However, housing prices are considered overrated and industrial spaces have fallen in decline. The main growth factors were the strong demand by foreign investors for housing, the rise of tourism and the reform of urban areas. However, the uncertainty in legislation, the increase in construction costs and the difficulties in finding affordable residence continue to create significant challenges.
* Building regulations continue to affect licenses and activity in the construction industry, intensifying uncertainty in the market. At the same time, attracting new institutional international investors and facilitating large acquisitions through lower capital costs remain critical. The issue of accessible home remains intense, as the average Greek household finds it difficult to keep up with the constant increase in housing costs.
* Although the market is generally durable, there are already early signs of pressure in certain categories of real estate. For the next six months, there is a positive march for hotels, cottages and offices, while industrial premises, shops and short -term real estate are likely to lag behind. This positive perspective is based on the stability of the political and economic environment, the high demand by foreign investors and the promotion of large development projects. However, the problems remain, such as high construction costs, the uncertainty in legislation on NOK provisions and the lack of labor potential, highly specialized craftsmen.
Commission President Lefteris Sikalidis said: “The Real Estate & Development Committee of the Hellenic-American Chamber presents a sober and documented market imprint. Despite its potential, the market is called upon to balance between prospects and challenges, such as cost and availability. This study provides a realistic picture and prediction for the second half of 2025, making it a reliable report on the industry’s course and tool in making documented decisions. “
Source: Skai
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