Despite a burst real estate “bubble”, even before the crisis years, and with growing interest in short-term holiday leasing – the “AirBnB factor – Athens remains a laggard in terms interest in its overall property market, compared with other European capitals.
By T. Igoumenidi
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Despite a burst real estate “bubble”, even before the crisis years, and with growing interest in short-term holiday leasing – the “AirBnB factor – Athens remains a laggard in terms interest in its overall property market, compared with other European capitals.
The conclusion comes from data included in the 15th edition of a study on the prospects and trends in Europe’s property market, called Emerging Trends in Real Estate Europe, jointly compiled by PwC the Urban Land Institute (ULI).
Based on results of the study, Athens is third from last among 29 surveyed cities in terms of future investment prospects and development. Istanbul is in last place and Moscow second to last.