|Panagiotis Drakopoulos||Mariliza Kyparissi|
It is expected that the successful implementation of the new law on commercial leases will lead to the creation of new investment schemes. It aims to attract the interest of real estate investment companies (REICs) and other institutional and individual investors seeking to expand their investment scope and main activities. Single investors or investment groups should therefore opt to expand their activity in a growing real estate market, invest in commercial and tourist property, promising real estate development projects, and vacant units and unused commercial premises, taking advantage of the flexible provisions and boosting real estate portfolios' valuations. Therefore, commercial real estate property of previously limited demand, such as secondary retail, warehouses and non-prime office buildings, should be successfully targeted by domestic and foreign investors through the emergence of investment schemes, securing the recovery of the property market and boosting its flexibility and mobility.
Panagiotis Drakopoulos and Mariliza Kyparissi