What We Do

RENOVATION

We believe in harmonizing with the regions in which we operate. Our work is a labor of passion and love towards the essence of each country and seek to contribute positively to our areas of operation, our communities, and with respect to our environment. As such, there are many undervalued hidden gems across our markets where we renovate and elevate.

project development

Our main objective is to build legacy.

We seek out beautiful plots across our markets, conceptualize underserved and unavailable real estate products, and lead the market with innovative projects that satisfy our clients’ needs.

property management

We have structured our services to offer our investing clients with total property management. Our team takes away the hassle of owning or investing in properties as our trusted partner in the Greek and Balkan Markets.

• Property Maintenance

• Contracts

• Leasing

• Tax Filing

• Accounting

• Marketing

• Selling

• Viewings

• Billing

2019

important key factors

Greece’s property market, which took a blow during the crisis years, is now showing signs of recovery with prices rising by 4 percent in the first three months of 2019 compared to a 1.4 percent annual increase recorded in 2017, according to the Bank of Greece.

Bank data further indicates that compared to Q1 2018, prices for new apartments in the first quarter of 2019 are up by 4 percent and by 3.9 percent for older flats (more than five years). In terms of location, selling prices for apartments in Athens rose by 5.8 percent in Q1 2019 against the same quarter in 2018, followed by a 3.9 percent increase in Thessaloniki, 1.9 percent in other major cities, and 2.6 percent in the rest of the country.

Speaking at a property market conference earlier this year, Bank of Greece Deputy Governor Theodoros Mitrakos said the Greek real estate market was transitioning towards stabilization, showing significant signs of recovery and mobility in both the residential and commercial property market which is expected to continue into 2019.

Mitrakos attributed the positive trend to the current dynamic of tourism, which, he said, has had a positive influence on the property market through the spread of short-term leasing (Airbnb practices) and on commercial real estate through the development of tourism and relevant services. The balanced and sustainable growth of the market, he said, will depend on the distribution of investment and the expansion of demand across a wider market.

At the same time, the country’s highly sought after golden visa is beginning to pay off with dozens of foreign investors purchasing properties in Greece, and gaining residency rights. 

More specifically, according to BoG data for the January-September 2018 period, apartment prices rose by 1.3 percent on a yearly basis, compared with a 1.2 percent decline in the corresponding period of 2017, driven by a significant 2.1 percent increase in the selling prices of flats in the Athens area.

On top of that, home investments increased by 12.3 percent in the nine-month period, but remained low in terms of GDP contribution (0.7 percent). In January-August 2018, building permits for housing projects, as recorded by ELSTAT (the Greek statistical service), increased by 24.3 percent in number and 21.1 percent in terms of volume.

Business expectations for housing increased by 21.7 percent in the 11 months of 2018, according to the Foundation for Economic & Industrial Research (IOBE), while the Athens Land Registry confirmed that the number of transactions for the 11-month period was considerably stronger. Demand for commercial properties with a particular focus on office spaces and retail buildings also rose in the first half of 2018 with prices for high-end office space and stores up by 3.5 percent and by 2.1 percent, respectively, compared to the second half of 2017, with growth rates even higher in Athens, at 4.6 percent and 4.0 percent, respectively.

At the same time, investor interest in hotels in the first eight months of 2018 saw a 64.7 percent rise in the number of new building permits.