The serviced apartment sector is experiencing rapid growth in Greece following
The serviced apartment sector is experiencing rapid growth in Greece following a global trend and, drawing significant interest from major international hotel chains.
According to a recent report by Enterprise Greece, the number of serviced apartments in the country has already surpassed 3,500 and is approaching 3,700. Even more striking is the forecast that within the next year, the sector could expand by another 1,000 units. In 2019, Greece counted just 2,500 such properties.
This surge reflects a broader investment wave sweeping through Greece’s real estate market. Both domestic developers and foreign investors are capitalizing on what is emerging as one of the fastest-growing segments of the global property market. Enterprise Greece notes that serviced apartments are now seen as a strategic opportunity for those looking to expand their portfolio in a dynamic and evolving hospitality landscape.
Foreign Investment Accelerates
Over recent months, several prominent international players have announced expansion plans in Greece’s booming serviced apartment market. These include U.S.-based hospitality giant Wyndham Hotels & Resorts, Spain’s Libere Hospitality Group, Israel’s Vision Greece, and Germany’s Limehome. Their entry into the Greek market underscores its growing attractiveness on the global stage.
Greek developers are not sitting idle. Companies such as
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
