Greece's Housing Investment Gap Offers Opportunities for Investors
Greece's housing investment spending lags behind the EU average, presenting opportunities for investors. The country faces a significant housing shortage, with a deficit of 180,000 homes that could take five years to cover.
Currently, Greek housing investment stands at 2.3%, well below the EU average of 5.8%. However, this gap could be the next investment frontier, with firms like Jefferies already eyeing opportunities in the Greek residential real estate sector.
The housing shortage is particularly pronounced, with a deficit of 180,000 homes. Addressing this deficit will require a significant boost in housing supply, which could take up to five years to achieve. While Jefferies is one of the firms showing interest, other entities are also active in the market. EuropeanProperty.com, for instance, is facilitating luxury property investments on Crete, while Grekodom is focusing on properties in Thessaloniki. This indicates a growing interest and broker activity in key Greek regions.
Greece's housing investment spending is below the EU average, presenting a gap that could attract more investors. The significant housing shortage, estimated at 180,000 homes, offers opportunities for firms like Jefferies and others active in the market. Addressing this shortage will require a substantial increase in housing supply over the next five years.
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