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BoG: Investment wave coming up for hospitality RE

According to reports from the Bank of Greece, foreign Investors are strongly interested in hospitality RE assets.

A great number of new hotels are about to open in the city centre of Athens. According to a report by the BoG’s Governor, the increased number of tourists has triggered the interest of foreign investors in hospitality RE.

The investors aim to purchase high-standard accommodation. As a result, ten (10) hotels are already under construction or renovation. Many of these units have changed their use from old office buildings. Furthermore, many re-open after having been empty for several years.

In addition to the city centre, the investors have also shown interest in the Syggrou Avenue region as well at the coastal front of Attiki.

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