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Dimitris Andritsos - Prodexpo 2018 Presentation

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CEO, Eurobank Property Services

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Dimitris Andritsos - Prodexpo 2018 Presentation

  1. 1. ATTRACTING INVESTMENT FROM ABROAD KEY CONSIDERATIONS OF FOREIGN CAPITAL WHEN INVESTING IN AN EMERGING REAL ESTATE MARKET
  2. 2. Prodexpo 2018 – Attracting investment from abroad Greece is in recovery mode ..sort of Yes..  Greece has completed the ESM programme (MoU) and Greek Banks passed the AQRs  the active management of NPLs is showing progress  the real estate market is showing signs of recovery  the economy seems to stabilise after a long depression  Greece has high quality human capital .. but  the markets received the news with scepticism  not what is required to achieve all targets set  it takes place in asymmetric and asynchronous fashion  unemployment remains high and diminishes at a slow pace  the brain-drain has surpassed 550.000 persons and the population ages + Record numbers in the hospitality sector, with great increases in tourist arrivals + One of the most attractive golden visa programmes + Clear indications that the downward phase of the economic cycle has been completed - Open issues remain ( taxation, regulatory framework, etc ) Important facts to keep in mind
  3. 3. Attracting investment from abroad Nicholas Chatzitsolis, Managing Director, AXIES part of the CBRE affiliate network  Main factors which are expected to affect real estate in the US and globally. This is based on a major survey that was carried out in the US a few months ago. Dika Agapitidou, Director, JLL – Athens Economics  Investor considerations across Europe with a special focus on Greece Panayiotis J. Merekoulias, CEO, VALUES  Restrictive factors which affect real estate investments in Greece and prospects – from the viewpoint of foreign investors (mainly EU) - Survey Results Peter Cosmetatos, CEO, Commercial Real Estate Finance Council Europe  Pull' and 'push' factors for foreign investors assessing real estate investments in Greece  What attracts different types of foreign capital? Sagi Rubin, Managing Partner, ZOIA  Sagi will share his views on the opportunities for foreign investors in the Greek market, and his philosophy on creating value and making an impact through investing in Greece.

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