Within the second half of 2023, the costs of business properties – places of work and retailers – in Greece remained on an upward trajectory, resulting in an extra inflation of costs total for 2023.
In line with knowledge from the Financial institution of Greece (BoG), in 2023 the costs of high-end places of work (in nominal phrases) elevated by a median of 5.9% in comparison with 2022 for the entire of Greece, towards a corresponding improve of three.6 % in 2022. Disaggregated by geographic area, in 2023 high-end workplace costs recorded a median annual improve of 5.7% in Athens, 2.2% in Thessaloniki and 6.9% in the remainder of Greece.
Throughout the second half of 2023, the costs of high-end workplace areas for the entire nation confirmed a rise of two.1% in comparison with the primary half of 2023 (provisional knowledge). Based mostly on the revised knowledge, within the second half of 2022, the costs of high-end places of work recorded a rise of three.8% in comparison with the earlier half, whereas within the first half of 2023 they recorded a corresponding improve of two.9%. With a distinction by geographical area, within the second half of 2023 the costs of high-end workplace areas elevated by 2.9% within the higher Athens space, by 0.1% in Thessaloniki and by 1.3% in the remainder of Greece, in comparison with the primary half of 2023.
For the entire of 2023, workplace rents of all classes in nominal phrases for the entire of Greece elevated by 6.2% (provisional knowledge). With a distinction by geographical area, the corresponding common annual lease development fee for Athens amounted to six.0%, for Thessaloniki to 7.8% and for the remainder of Greece to six.1%.
Throughout the second half of 2023, workplace rents for the entire nation recorded a rise of 1.5% in comparison with the primary half of 2023 (provisional knowledge). The corresponding lease change charges have been 2.0% within the second half of 2022 and 4.4% within the first half of 2023 (revised knowledge).
Retailer pointers
Based mostly on the out there provisional knowledge, in 2023 the costs of high-end shops (in nominal phrases) elevated by a median of 6.9% in comparison with 2022, for Greece as a complete, in comparison with a rise of 6.2% in 2022. With damaged down by geographic area, the corresponding common annual fee of value improve was 8.5% for Athens, 7.3% for Thessaloniki and 4.0% for the remainder of Greece.
Within the second half of 2023, the costs of high-end retailers elevated by 2.4% in comparison with the earlier half for the entire nation (provisional knowledge). The corresponding charges of change have been 2.9% within the second half of 2022 and 4.1% within the first half of 2023 (revised knowledge). With a distinction by geographical area, within the second half of 2023 the costs of high-end retailers recorded a rise of three.4% within the wider space of Athens, 0.5% in Thessaloniki and 1.2% in the remainder of Greece, in comparison with a ΄ semester of 2023.
For the entire of 2023, the rents of outlets of all classes in nominal phrases, for the entire of the nation, registered a median annual improve of 5.7% (provisional knowledge).
Disaggregated by geographic area, the corresponding common annual lease development fee was 6.2% for Athens, 5.3% for Thessaloniki and 5.2% for the remainder of Greece.
Throughout the second half of 2023, retailer rents elevated by 1.1% in comparison with the primary half of 2023 for the entire nation (provisional knowledge). The corresponding rental development charges have been 1.6% within the second half of 2022 and 4.3% within the first half of 2023 (revised knowledge).
SOURCE: OT.GR
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