While more than 230,000 sq.m. are under construction in the Greek market. offices in Athens (90,000 m2 will be added in the northern suburbs alone), the 1,143 international real estate investors, who were interviewed by PwC on behalf of the Urban Land Institute in the annual survey “Emerging Trends in Real Estate Europe 2025”, rank the said category in the last places in terms of attractiveness!
The truth is of course that modern office spaces are lacking in the domestic market compared to what is happening in other European markets, however the investment community has turned its gaze to alternative asset sectors in search of growth opportunities.
Which property categories are of interest to international investors?
Based on the conclusions drawn from the latest annual survey on the investment prospects of the real estate sector in 2025, Emerging Trends in Real Estate, which includes 30 European cities – including Athens -, the data centers , new energy infrastructure and student housing are the three most attractive sectors in the eyes of professionals.
It should be noted that student housing has risen to the top of the rankings in recent years – from 15th place in 2022 to third place for 2025.
Also high on the list are logistics, houses for rent, co-living apartments and serviced apartments.
Conversely, the attractiveness of office and retail properties is questioned, as is that of hotels.
Out-of-town shopping centers are the area of assets that real estate professionals completely (rank last in terms of attractiveness), with inner-city shopping centers second to last.
Also low are the retail parks, the central shopping stores, as well as the business parks.
About in the middle are the hotels and the houses for sale.
Athens won a place
However, in the pan-European ranking, Athens gains a place and is now in 22nd place, out of a total of 30 cities.
Taking into account that in recent years the score of each market in the final ranking is also determined based on its size, the position of Athens is considered satisfactory.
Investments in logistics and data centers
Although the Greek market still lags behind other European countries with similar characteristics, i.e. with important ports and gateways to global supply chains, the supply chain increasingly participates in the country’s GDP, almost 12%.
Based on a recent analysis by the logistics committee of the Hellenic-German Chamber of Commerce and Industry, during this year’s 10 months, powerful multinational warehouse management organizations, as well as large multinational commercial enterprises, announced the development of new warehouses, mainly in Western Attica, with a capacity of more than 200,000 covered sq.m.
Also, in the final stretch is the development of organized receptors such as Thriasio with a potential of 250,000 sq.m. covered warehouses, while in the phase of the investor nomination competition are the Phylis business park in Athens, which will host the inland transport agencies, and the Gonou Business Park in Thessaloniki. Regarding the amount of investments, they are expected to exceed 1 billion euros in total.
At the same time, several and important investments have been made to date in the field of data centers and as everything shows, it will continue, precisely because our country is at a crossroads: the one that unites Asia and Europe in terms of data.
However, these are not easy investments due to the large energy load required.
By 2030, the number of data centers in Europe is expected to increase by 2.5 times, reaching approximately 23 GW of installed capacity. Almost half of this power (11 GW) should be dedicated to artificial intelligence, according to studies by Data4, one of the companies that decided to invest in the Greek crossroads of data centers.
One of the latest investments in this sector is the development and operation of a state-of-the-art data center in the Spata area that Dromeus Capital is preparing to carry out in collaboration with Apto, which is Pimco’s “vehicle” in the field of large data processing centers data volume. This is an investment that will reach 1 billion euros.
The project is located in an industrial zone 15 minutes from the Athens International Airport, just a few meters from the corresponding investment promoted by Microsoft, it has already received pre-approval and has secured through a contract with ADMIE high voltage current.
Source: OT.GR
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