Fast Market Research recommends "Greece Real Estate Report Q3 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 07/21/2014 -- While boasting one of the most developed property markets in the Central Eastern Europe (CEE) region, Greece's commercial real estate market is still reeling from the effects of the country's economic crisis and is only just starting to see the first signs of a recovery. Demand and transactional activity are slowly improving as the economy finds itself on a firmer footing, though prices and rental rates remain some way below pre-downturn levels across the country.
The Q314 Greece Real Estate report monitors the nascent recovery taking place in the country's commercial real estate sector in the three key markets of Athens, Thessaloniki and Piraeus. The report evaluates the performance in terms of rental rates and yields in the office, retail and industrial sub-sectors of the commercial real estate market, all of which have been badly hit by the contraction in demand resulting from the country's economic downturn.
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With signs that the Greek economy is entering the early stages of a recovery in 2014, the outlook for the commercial real estate market is looking increasingly positive. In particular, there are signs that the country's recovering tourism and export sectors are starting to stabilise demand for retail and industrial premises, while the office sector is also enjoying a degree of much-needed stability in terms of its rental rate levels. In addition, a significant fall in the price of commercial real estate space over the past few years is starting to see international investors re-enter the market.
Despite this improving outlook, we caution that the risks facing the real estate sectors are weighted firmly to the downside meaning that a further set-back in the health of the wider economy threatens to send rental rate and yield growth back into negative territory. As such, landlords and developers will be hoping the economy is able to maintain its stable trajectory over the months ahead.
- Greece's largest real estate developer ...
The Greece Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.
BMI's Greece Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Greece.
- Benchmark BMI's independent real estate industry forecasts for Greece to test other views - a key input for successful budgeting and strategic business planning in the Greek real estate market.
- Target business opportunities and risks in Greece through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.
Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.
Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.
Industry Forecast Scenario
Historical data series (2010-2012) and forecasts to end-2018 for the domestic real estate industry and for the local and global finance industry. Indicators include:
Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)
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