![Remarkable increase in asking prices for real estate properties based in Piraeus Remarkable increase in asking prices for real estate properties based in Piraeus](/media/blog/PIRAEUS_AGIOS DIONYSIS.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Over the past few years, there has been a noticeable increase in the asking prices for house rentals in Piraeus.
![New headwinds in the commercial real estate industry New headwinds in the commercial real estate industry](/media/blog/LONDON_OFFICE_11.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
The industry has seen a drop in commercial real estate values due to higher interest rates and lower occupancy levels.
Aro Palace features 189 guest rooms and suites and a further 67 executive rooms and suites, a spa, bars, and business lounges.
![Hotel chains are expanding in Turkey Hotel chains are expanding in Turkey](/media/blog/turkiye hospitality.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Istanbul has the highest number of hotels with 221, followed by Antalya with 155 and Muğla province with 73.
![Boutique Hotels' members increase above 200 Boutique Hotels' members increase above 200](/media/blog/10hotel.jpeg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
The Boutique Hotel mark is an official certification for small hotels in Greece that offer exceptional aesthetics and innovative services.
![Who are investing in Greek golden visa and how many of those are inhabiting the country Who are investing in Greek golden visa and how many of those are inhabiting the country](/media/blog/GOLDEN VISA3.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Chinese investors, who previously showed great interest in this, come from a middle-class background and represent only a small percentage of investors.
![Luxury residences in Greece are extremenly attractive for foreign investors Luxury residences in Greece are extremenly attractive for foreign investors](/media/COLLIERS.jpg?width=1024&height=480&rmode=crop&quality=75&format=jpg&token=aFeh5jvY9uZydUiAe844YQV%2F0UNSuhy3OHHZjnqgbDU%3D)
Opportunities for the development of high-quality buildings and for the renovation and upgrade of existing residences.