The global real estate market is evolving in ways that are new and exciting. Real estate is being repositioned as an asset class as indicated by the continuing increase of strategic institutional target weightings in real estate. Greece is following these trends with the creation and listing in the Stock Exchange of the two first Real Estate Investment Companies and the upgrading of the real estate investment product that is brought to the market.
New laws concerning the taxation of property have been recently introduced and the financing of real estate development and investment is becoming more sophisticated.
Finally, the countries of Southeastern Europe present exciting investment opportunities for Greek investors. PwC in Greece has a dedicated team of real estate professionals capable in assisting our clients to navigate in these new and uncharted waters.