Economy

The company's portfolio comprises more than 6,500 properties of the most important banks and investment schemes in Greece

The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project (QTP) strategy

The new service will be under the General Secretariat of Tourism Policy and Development and will be responsible for new or existing main four or five stars tourist accommodation,
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Sotheby's International Realty's the Luxury Outlook report is for the first time published to cover also Greece.

Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky loans to finance office buildings, the analysts said.