The second semester of the year Greek economy recorded quite promising activity, with tourism being a solid & continuous improved sector. The last months of 2023, Greek economy and EU in general shows a stable GDP & employment growth. Greek regional real estate markets have also recorded improved performance.

Signs for the current tourism period are optimistic for Greece, as reflected in the largest international tourism exhibition, ITB 2024 in Berlin, which this year attracted over 100,000 visitors and 5,500 exhibitors from 170 countries.

The construction of Microsoft’s first Data Center in the wider area of the Eastern Attica Regional Unit from RENCO in collaboration with TERNA S.A. is about to begin, following the relevant tender.

During 2023, investment interest in new-build offices and new projects fueled the pipeline for future growth.

Private label products (Private Label-PL) are preferred, according to relevant research, by Greek consumers as long as accuracy in basic products on supermarket shelves persists.

Real estate prices have bottomed and there’s a great opportunity to move fast and buy assets at beaten-down prices, according to Blackstone Inc. President Jon Gray.

The global economy was resilient in the final quarter of 2023, but conditions remain challenging.

TRADE ESTATES REIC announced increased financial results for 2023 compared to 2022. Rental income in 2023 amounted to €26.7 million, compared to €20.8 million in 2022, an increase of 28.3%.

TITAN Group achieved a strong financial performance across the board, by growing sales, boosting earnings, and strengthening balance sheet position and liquidity.

The Hellenic Statistical Authority (ELSTAT) announced data on the evolution of turnover of enterprises in all sectors of the economy, incorporating the most recent data on turnover from Administrative Sources for January 2024.

Airbnb has decided to ban security cameras inside properties rented on its site, underlining that with this decision it "wants to protect the privacy of its customers".

LAMDA Development secures one more award that refers to the disabled building complex in The Ellinikon. The property was awarded a LEED Platinum certification, exceeding the conditions and criteria of green development.

At their most basic level, ubiquitous ESG scores and ratings make it easy to view companies and funds through a “worst” to “best” framing - companies arrayed across a linear spectrum of ESG quality. This view of ESG ratings supports the most common investment strategy: prioritizing top performing companies, sometimes even excluding or divesting from low performers. However, sophisticated investors are exploring new ways to use ESG data to support a wider range of investment strategies.

The first "Pumptrack" in Attica was recently delivered for public use in Municipality of Alimos.

By the beginning of this April, development works will begin for the first Microsoft Data Center in the Municipality of Spata.