P&P contributed exclusively to the August 2024 issue of CEE Legal Matters Magazine, focusing on Greece. Our Greek Market Snapshot article on Real Estate was authored by Elmina Chadio, Partner, and Panayiotis Papageorgiou, Counsel. The article, titled “Navigating the Revival: The New Era of Real Estate Law in Greece,” dives into local insights, recent developments, and valuable information on the latest legal trends in Greek real estate.
Key points from the article:
Economic Resurgence: Greece’s economic recovery has led to a significant surge in the real estate market, with rising property prices and increased foreign investment.
Tourism-Driven Growth: The thriving tourism industry in cities like Athens and Thessaloniki, and islands like Crete and Mykonos, continues to drive demand for residential and commercial properties.
Foreign Direct Investment: From 2018 to 2022, FDI in residential real estate totaled EUR 3.5 billion, making up about 25% of all transactions.
Transformative Projects: Major projects like the Hellinikon Metropolitan Park are set to profoundly impact the local and national economy.
Government Reforms: Proactive government measures and attractive tax incentives have improved transaction efficiency and transparency.
The P&P team is happy to share these insights and contribute to the ongoing dialogue about the vibrant Greek real estate market.
Read the full article: https://lnkd.in/ebnQGtB2
Check out the complete issue: https://lnkd.in/ekDb8jpc
