The market research report provides a synopsis of the current global economic environment and aims to provide sector-specific perspective with regards to the impact of COVID-19 on commercial and residential real estate in Greece.
The unprecedented humanitarian effect of the COVID-19 crisis comes along with an all but certain economic downturn. Undeniably, the pandemic has caused global economic turmoil and has disrupted consumption and supply chains across the world.
The macroeconomic outlook in Greece looked positive and demand was rising on all prime real estate market segments, before the global pandemic outbreak. The Real Estate market offers investment opportunities both for local and foreign investors and the sector is expected to be a key driver for the economic recovery.
The report is based on recently published data that depict the Real Estate market before the COVID-19 crisis and also portray the change of use for several commercial assets due to the impact of pandemic.
The transaction data (provided by local authorities) illustrate the distribution of prices on several types of properties and regions. The correlation between the asking prices vs the transacted values is also portrayed.
Finally, the projections of the Real Estate Sector as well as the expectations that arise in the after COVID-19 era are outlined.
We trust that this publication will become a reference document for discussion among stakeholders.
You can access and download a copy of our related market research report here .