New property developments on the rise in Greece

New property developments have been on the rise in recent months, as investors and developers make targeted investments to cover the gap created in the last decade of market idleness in Greece, according to ekathimerini.com.
Even so, it is calculated that the new office buildings under construction do not exceed 65,000 square meters in total, though they have largely secured tenants already, at least provisionally. However, this figure is expected to grow considerably after the fall, as a series of new projects concerning the reconstruction of existing buildings and the development of plots are in the licensing stage.
Sector officials point out that such developments will allow real estate investment companies (REICs) to have full control of the investment product they wish to create, setting the precise standards and the partial features they desire so as to secure the biggest possible capital gains.
For example, NBG Pangaea REIC has begun a number of new property developments on its own, mainly office buildings, such as the construction of a new, 15-million-euro bioclimatic structure in Maroussi, north of Athens, and a 4-million-euro student accommodation complex in the northern port city of Thessaloniki.
Another significant move comes from Dimand Real Estate, which intends to develop two buildings it is about to acquire in Athens from the Bank of Cyprus into offices.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: pixabay.com
06/12 01:45
Athens more sparkling and magical than ever this Christmas - full program of events
06/12 01:25
Pantanassa Monastery in path of fires in New South Wales of Australia
06/12 01:21
First snow of the season falls in Trikala and Thessaloniki in Greece (video)
06/12 01:17
Israel rebukes latest instance of 'Turkography' in the east Mediterranean
06/12 01:01
CNN: Colorful Greek street on Mykonos island among most beautiful in the world
05/12 23:32
New single framework for insolvent borrowers to be launched in Greece
05/12 23:21
Greek President urges for dialogue among cultures at Academy of Athens event
05/12 23:11
Athens approves Vatican’s ‘humanitarian corridor’ for asylum seekers
05/12 23:04
Prime Minister: Greece relies on EU solidarity to address refugee crisis
05/12 22:47
4.52 billion in tax arrears covered by 120-month installment plan in Greece
05/12 22:25
The Travel lists 20 tips by Santorini locals for tourists in iconic Greek island
05/12 18:44
Moon rocks from Apollo 11 on display at Athens National Observatory
05/12 16:35
Greek Diaspora Minister Diamataris's statement following his resignation
05/12 16:09
Envipco Automated Recycling Plant inaugurated by PM in Greece
05/12 14:54
INSETE: Greek listings on Airbnb and HomeAway reach €1.15 billion in revenues
05/12 14:37
Greece offers impressive tax breaks to attract affluent foreigners
05/12 14:21
05/12 14:06
ELSTAT: Greek economy grew 2.3% during third quarter of 2019
05/12 10:55
Athens International Science Film Festival returns for 13th consecutive year
05/12 10:32
Religious Tourism: Visit Monastery of Agia Varvara Roussanou in Meteora
04/12 23:16
New platform support vessel acquired by Hellenic Navy at historic Salamina site
04/12 22:43
UK PM Boris Johnson unveils he reads Greek poetry to relax (video)
04/12 22:16
Northern Greek city of Thessaloniki in search of its very own Santa Claus
04/12 22:10
Tourism's carbon emissions measured in UNWTO report at COP25 (video)
04/12 22:06
Fly safely and drink responsibly campaign launched in Norway
04/12 21:07
Piraeus manager Cosco takes share in Bilk container terminal in Hungary
04/12 20:52
Telecom provider Wind Hellas to get first offers during this month
04/12 20:39
First relief for Greece's tax-battered middle class after 10 years of crisis
04/12 20:09
US Ambassador hails reopening of Neorion Shipyard on Greek island of Syros
04/12 19:57
Greek PM backs North Macedonia and Albania European Union hopes
04/12 19:40
04/12 19:24
Greek Tourism Minister announces targeted action plan for U.S. market
04/12 19:17
Religious Tourism: Catholic Archbishop of Malta visits Ecumenical Patriarchate
04/12 18:58
US Ambassador in Athens warns that China may use cash-hungry Greece
04/12 18:30
Minister: University reform to include performance-linked funding in Greece
04/12 18:00
EU "in full solidarity with Greece and Cyprus" on Turkey-Libya MoU
04/12 17:35
26W T-bill auction by Greece nets €812.5 million with negative yield of 0.02%
04/12 16:15
Air Cargo peak season off to slow beginning during October 2019
04/12 14:24
Average full-time private sector monthly salary in Greece reaches €1,166.76 in May
04/12 12:47
04/12 10:10
Greek PM to address meeting on the sidelines of NATO's anniversary
04/12 01:37
Minister: Bilateral relations between Greece and Israel at an exceptional level
04/12 01:27
Greek PM discusses tourism investments with top fund managers in London
04/12 01:16
Greek PM to meet with Turkish President on the sidelines of the NATO Summit
04/12 00:52
City Break report: Visiting popular Greektown spots in Detroit
04/12 00:07
Greek health monitoring startup attracts attention of Johnson & Johnson
03/12 23:51
Prime Minister: Greece fully supports EU targets to fight climate change
03/12 22:44
Greek Foreign Minister meets with EU Representative for Foreign Affairs
03/12 22:35
Bank of Greece chief working towards other systemic solutions for NPLs
03/12 22:20
Technical solution for Thessaloniki Metro Venizelou Station greenlighted
03/12 21:05
State Department: Turkey-Libya zones deal 'unhelpful and provocative'
03/12 20:52
Piraeus Bank staff on strike actions on Wednesday and Thursday over layoffs
03/12 16:36
European Union seeks clarifications from Cyprus over citizenship scheme
03/12 16:10
Greek Labour Minister unveils plans for transition to digital age
03/12 14:34
Survey: Samaria Gorge attracts tourists to Greek island of Crete
03/12 14:04
Cold front from the Balkans to affect Greece from Tuesday to Thursday
03/12 12:52
European Union Refugee Commissioner promises that Greece will get help
03/12 10:56
Greek artist Dimitris Papaioannou debuts at Brooklyn Academy of Music
03/12 03:52
Boost for efforts to curb unruly passengers as MP14 comes into force
03/12 03:36
Farmers to block highways across central Greece on December 4
03/12 02:58
03/12 02:21
Names unveiled of 26 affluent foreigners stripped of Cypriot passports
03/12 02:17
Greek Foreign Ministry tables migration returns proposal in Brussels
03/12 01:55
Public and MediaMarkt form biggest omnichannel retailer in Greece and Cyprus
02/12 22:14
800 Ancient Roman amphorae confirm 6th AD shipwreck off Akrotiri-Dreamers Bay in Cyprus
02/12 22:03
Greek Prime Minister to meet US President on January 7 in Washington DC
02/12 20:57
02/12 20:19
Christmas lights at Stavros Niarchos Foundation Cultural Center in Athens
02/12 18:46
Eurogroup expected to greenlight €767 million tranche to Greece on Wednesday
02/12 18:00
Christmas in Athens commences with tree lighting at the Grande Bretagne
02/12 16:53
Traveler Awards 2019 Russia: Greece voted best beach holiday destination for 2019
02/12 16:41
UNWTO welcomes fellow United Nations agencies to Madrid for start of COP25
02/12 14:59
Survey: Which? unveils best and worst travel price comparison platforms
02/12 14:30
Greek government announces own 'social dividend' for 200K households
02/12 12:40
Greek Prime Minister attends UN Climate Change Summit in Madrid
02/12 10:50
CEOWorld’s Best Hotels on Greek island of Kefalonia for business travelers
01/12 15:08
01/12 15:04
Even funeral services join new Black Friday frenzy across Greece (video)
01/12 14:58
Cyprus strips Kenyan billionaire of residency permit and EU passport
01/12 14:44
Greece plans €44 billion investments to shed fossil fuels over next decade
01/12 14:32
Greek Archbishop Ieronymos to pay old homeless couple’s rent and bills
01/12 14:24
Greek Foreign Minister to meet Egyptian counterpart Shoukry on Sunday
01/12 14:08
Greek-speaking former child soldier wins Australia’s 2019 HESTA Aged Care Award
01/12 11:57
Albanian Prime Minister Rama thanks Greek people for support after tremor
30/11 21:47
President: Cyprus a reliable partner of the Russian business community
30/11 14:47
ItalianTrainOSE owners to invest €2.5 billion in Greece within 9 years
30/11 14:43
Athens Stock Exchange breaks above 900-point level to new 2019 highs
30/11 14:37
Use of mobile phones grows ten times following EU ban on roaming charges
30/11 14:27
British Residence Open Day organized in Athens on Sunday, December 15
30/11 14:20
Unemployment across Eurozone drops to lowest levels since July 2008
30/11 14:15
Greek Public Power Corporation reports lower losses in January-September
30/11 14:08
AP reports: Cyprus to tighten controls on crossings across ethnic divide
30/11 14:03
Saronikos municipality near Athens collects essentials for earthquake-stricken Albania
30/11 13:56
Health Tourism: Largest IVF clinic in Southeastern Europe launched in Greece
30/11 11:27
Greek PM Mitsotakis and US President Trump's working lunch in London
30/11 03:17
Free entrance to Greek museums and sites on first Sunday of every month
30/11 03:09
UNWTO launches first shopping tourism pilot project in Leon, Mexico
30/11 00:20
Preparations for Athens Hellinikon project casino in the finishing line
29/11 22:21
Greek government tables long-awaited bill for middle class and firm tax breaks
29/11 22:16
Greece offers impressive tax breaks to attract affluent foreigners
CNN: Colorful Greek street on Mykonos island among most beautiful in the world
Pantanassa Monastery in path of fires in New South Wales of Australia
Municipality of Athens records surplus for eight years in a row
INSETE: Greek listings on Airbnb and HomeAway reach €1.15 billion in revenues
48th Book Festival at Zappeion Hall between August 30 and September 15
The secret natural wonders of Nemouta village in Southern Greece
Greek island of Samothrace to get port upgrade, stricter contracts for ferries
Thessaloniki airport “Makedonia” in Greece selected by the airline industry
Envipco Automated Recycling Plant inaugurated by PM in Greece
Israel rebukes latest instance of 'Turkography' in the east Mediterranean
Average full-time monthly and daily wages in Greece at €1,182 and €51.28
First snow of the season falls in Trikala and Thessaloniki in Greece (video)
Building permits in Cyprus record big annual rise during first five months
Travel report: Antikythera, an island paradise at the edge of the Aegean (video)
Dimitris Fragakis is the new Secretary General of Greek National Tourism Organization
Greek state 10-year bond yields record new all-time low of 1.811%
Police operation in central Athens Exarchia district to end 4 building squats
Greek government: Higher collection rate for property tax offsets revenue loss
Fly safely and drink responsibly campaign launched in Norway