Greece’s commercial real estate investment reached €2 billion in 2024, with 2025 showing promising trends in borrowing and economic growth.

In 2024, investment in Greece’s commercial real estate sector reached a noteworthy €2 billion, reflecting a nuanced interplay of market dynamics. While the overall investment figure stood at €1.96 billion, this represented a modest decline of 2.5% from the previous year. This slight downturn, however, belies the underlying resilience of the market, which navigated a landscape fraught with challenges, including escalating interest rates and geopolitical uncertainties.

Amidst these adversities, the hospitality sector emerged as a veritable phoenix, soaring to an extraordinary 100% growth. This remarkable performance underscores the sector’s attractiveness, positioning it as the focal point for investors seeking lucrative opportunities. Noteworthy transactions, such as the €120 million deal in Elliniko, invigorated land transactions, further solidifying the Greece commercial real estate market‘s stability.

Looking ahead to 2025, the forecast appears promising, with expectations of improved borrowing conditions and a bolstering of market confidence. The anticipated easing of interest rates, coupled with an increasing emphasis on sustainability, presents a fertile ground for Greece commercial real estate investment. The burgeoning interest in Athens and Thessaloniki is indicative of a revitalized market, where investors are keen to capitalize on emerging opportunities.

Sustainability remains a pivotal theme, as both investors and property users prioritize environmentally conscious practices. Developers are increasingly integrating sustainable methodologies into their projects, reflecting a broader societal shift towards ecological responsibility. The year 2024 served as a transitional phase for the commercial real estate market, laying a robust foundation for a more dynamic and resilient 2025.

Despite the myriad challenges faced in 2024, the confluence of improving economic conditions and a more stable geopolitical landscape heralds a favorable environment for new investment opportunities in Greece’s commercial real estate sector. As we venture into 2025, the interplay of these factors will undoubtedly shape the trajectory of the market, inviting a new wave of investment enthusiasm.