The realty sectors that are set to grow

• 30 March, 25

Specific sectors of the real estate market, such as hotels, housing and storage spaces, are predicted to continue to record a positive course in the first half of 2025, according to the Property Market Outlook that the Real Estate & Development Committee of the American-Hellenic Chamber of Commerce presented on Wednesday.

“The positive outlook is reinforced by the increasing demand, the development of tourism, technological developments and the lack of quality residential properties. However, the challenges related to the increased cost of living, the difficulty of finding affordable housing, and the slow changes in the legal and urban planning framework are preventing the smooth development of the market,” the analysis noted.

Nevertheless, it is also noted that housing is considered overvalued in many areas, while industrial spaces recorded a decline in the second half of 2024, a trend that is expected to continue this year. 

Negative factors for the future course of the market also include rising construction costs, geopolitical tensions and labor shortages. Overall, it is emphasized that during the second half of last year, the real estate market in Greece continued its recovery, with increased demand from abroad for high-quality housing.

Cre: ekathimerini