International groups boost realty sector

Foreign groups have carried out investments worth tens of millions of euros in 2019 for the acquisition and development of properties in Greece. These are groups that came, saw and decided to invest in the local realty market, acknowledging the significant prospects of future capital gains.

This influx of funds is proving valuable in helping the local market recover from the considerable investment shortfall of the last decade in property development, as - with the exception of a handful of companies - Greece has been left with few important players who are in a position to design and finance major investments.

These investments also have high added value as they produce jobs, while another interesting element is that each company tends to focus on a different niche of property market development.

Israeli property investment group Zoia Fund, for instance,...