Analysis

The country has a lot to offer and also arouses supraregional interest through extraordinary projects. The Tower of Piraeus, for example, has met with a positive response.

The trend would likely continue during the first half of 2023, but would reverse in the second half according to BNP Paribas Real Estate Germany.

The threat of obsolescence over the next five years concerns nearly half of Emerging Trends in Real Estate, Europe 2023 survey respondents, even if other issues, notably construction costs, are front-of-mind in the shorter term.