Greece Commercial Real Estate Investment Boom: Tourism Properties Take the Lead

• 2 October, 25

According to the latest survey by Cerved Property Services, Greece’s commercial real estate market is showing strong growth potential, with tourism-related properties emerging as the top choice for investors. The study, which gathered insights from certified appraisers and real estate consultants across the country, highlights that demand for tourism properties will continue to rise in the coming years, reinforcing tourism as the key driver of the Greek economy.

Tourism Real Estate Leads Investor Interest

Currently, 36% of investors are focusing on tourism properties, a figure expected to climb to 45% in the near future. Experts emphasize that this reflects the crucial role of tourism in Greece’s economy and the immense potential of related real estate assets.

Steady Growth in Retail and Modern Office Spaces

• Retail Shops: Prime retail stores in central business districts attract 30% of investor interest.
• Office Buildings: Modern, energy-efficient office buildings represent 21% of investments. Key factors for investors include location (49%), energy efficiency, and transport accessibility (22%). Nearly 48% of experts predict rising office prices, while 47% expect stability.
• Logistics & Warehousing: Comprising 13% of the market, with value driven by strategic location and modern facilities.

Retail Market Hotspots: Athens & Thessaloniki

• Athens: 52% of demand is concentrated in the city center, followed by the southern suburbs and shopping malls.
• Thessaloniki: The city center leads with 60%, while eastern suburbs and shopping centers are also gaining investor attention.
• Price Trends: Similar to offices, with 47% forecasting price increases and 47% expecting stability.

Warehousing Investments Stabilize

• West Attica: Accounts for 54% of warehousing demand, alongside interest along the Athens–Thessaloniki national highway.
• Thessaloniki: Western districts dominate with 88% of demand.
• Key Value Drivers: Location (47%), modern facilities, and energy efficiency (29%).
• Price Outlook: 60% of experts believe warehouse prices will remain stable.

Investment Outlook for the Next 2–3 Years

• Tourism Properties: 45%, continuing to lead the market.
• Retail Shops: 21%.
• Warehousing Facilities: 19%.
• Modern Office Buildings: 15%.

Greece’s commercial real estate sector is on a path of sustainable growth, with investor interest increasingly concentrated on tourism projects, energy-efficient office spaces, and modern logistics facilities. As tourism remains the backbone of the Greek economy, tourism real estate is expected to stay at the forefront of investment opportunities in the years ahead.

Cre: news.gtp.gr & 希中网