A slight deceleration in the rate of construction cost increases was observed in 2024 across many markets. According to the latest Arcadis International Construction Costs (ICC) analysis for 2025, the rate of cost escalation is expected to remain stable, with increases primarily driven by rising material prices. At the same time, demand for labor and skilled personnel remains high—particularly in markets such as Australia, Asia, and Europe.

Premia Properties S.A. was declared the successful bidder for a multi-storey property in Volos.

The construction sector stands at a pivotal crossroads, both in Europe and in Greece. The impact of global economic uncertainty, inflation, and high interest rates continues to challenge the industry’s resilience. At the same time, new opportunities are emerging through investments in infrastructure, green energy, and digital transformation.

The global trade war is considered the greatest concern for 2025, according to the UBS Global Family Office Report 2025. The annual report is based on a survey conducted among 317 family offices, each managing an average of $1.1 billion in assets.

Wynn Resorts, Limited has officially decided to withdraw its application for a casino license in the state of New York.

The new Development Law, presented by the Minister of Development, Takis Theodorikakos, before the Hellenic Parliament’s Committee on Production and Trade, seeks to establish a comprehensive framework for supporting entrepreneurship, innovation, and regional development.

Domiki Kritis has been assigned the renovation of the student residence building at Panteion University.

REDS has established a new company with a share capital of €2 million.

Handwritten Collection makes its debut in the Greek market with the launch of a new hotel in Heraklion, Crete.

A decision is expected by September on whether the European Court will accept the petition filed by a construction company whose permit was annulled following a Plenary ruling by the Council of State, which deemed specific provisions of the New Building Code unconstitutional.

The Hellenic Public Properties Company S.A. (HPPC), a subsidiary of the Hellenic Corporation of Assets and Participations (HCAP), has signed the concession agreement for a coastal area in Nea Alikarnassos (Lampi), on the island of Kos, with the local Municipality.

Spanish hospitality innovator Room00 has secured a landmark €400 million investment from global alternative investment firm King Street Capital Management, fueling an ambitious expansion set to reshape the hospitality sector across Southern Europe.