George Kormas - CEO of Piraeus Real Estate, believes there is no better time to invest in the Greek real estate market

Despite the COVID-19 pandemic, investments in Greece reached 18.4 billion in 2020, with the decrease compared to 2019 being limited to 0.6%. At the same time, the European Commission forecasts growth rates for the Greek Economy of 4.1% in 2021 and 6% in 2022. “In my opinion, there will never be a better time to invest in the Greek real estate market like today”, said George Kormas - the Executive General Manager, Group Chief Real Estate of Piraeus Bank Group and CEO of Piraeus Real Estate. 

 

This is because property prices are still significantly low (in some sectors lower by 50% compared to competitive countries such as Italy or Spain), while Greece is displaying all the advantages of a modern and investment-friendly economy, a renowned tourist destination, an energy node, a fitting place for technologically advanced companies and a gateway to three continents. 

 

Additionally, the large upcoming investments supported by the Next Generation EU program on climate change and digital transformation will add significant value that will directly reflect on real estate prices. 

Prime Property Group is a pioneer in the real estate development field, providing one-stop services including real estate development and property management to the real estate market and its target customers. And the core advantage of Prime Property Group lies in the fact that this company is not only a real estate agent, but also a real estate developer. It has super economic strength and brand service awareness. It provides relevant services to international customers. Consultancy services on all matters of real estate and construction projects in Greece and Cyprus, including villas, new apartments and town-houses.

Please contact Prime Property Group  for detailed information about rent, sale or property management services.