Big constructors go for homes

• 25 February, 25

The interest of domestic and foreign institutional investors in the development of new residential buildings has become multidimensional as Greece grapples with a housing crisis that is driving higher demand for housing, which, in turn is attracting the interest of investors.

Residential development is a sector that until a few years ago was not on the radar of large construction groups, but it now seems to be gaining momentum among investment portfolios and the first significant investments have begun to be promoted and implemented.

However, the model followed is not related to that of local construction companies, which develop residential complexes of 10-20 apartments each. On the contrary, large groups seek to give the market a series of complexes consisting of dozens or even hundreds of apartments, within the framework of the broader redevelopment of large areas or large-scale buildings.

Some of these properties have a tourism-related character, as they offer hospitality services to their tenants, while they can be sold directly and as an investment product to interested investors, either to individuals or to companies.

Mercan Group Launches New Project in Greece: Athens Port Residences, the mega residential and retail hub in Piraeus qualified for Greece Golden Visa. The project includes 408 fully furnished high-end apartments and a vibrant commercial district.

Contact Mercan Asia – Global Business Center for more project details!

Cre: ekathimerini