The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Comprehensive dataset of 7 Commercial real estate inspectors in Greece as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The prime headline rent for office real estate in Athens, Greece, has increased steadily since 2013. In *****, the annual prime office rental rate was *** euros per square meter, which was an increase from 2023 when the square meter rent amounted to *** euros. Headline rents refer to the rent payable after rent-free periods or incentives, excluding fees and taxes. Despite having some of the lowest vacancy rate, Athens had one of the most affordable office markets among the main European office markets.

The Greek Facility Management (FM) market, valued at €1.79 billion in 2025, is projected to experience steady growth, driven by increasing urbanization, a burgeoning tourism sector demanding efficient property maintenance, and the rising adoption of sustainable building practices. The market's Compound Annual Growth Rate (CAGR) of 1.97% from 2019-2024 indicates consistent, albeit moderate, expansion. This growth is fueled primarily by the outsourced facility management segment, particularly bundled and integrated FM services, catering to the diverse needs of commercial, institutional, and public infrastructure clients. The demand for both hard FM (technical services like HVAC and repairs) and soft FM (services like cleaning and security) is expected to remain robust. While the in-house FM segment holds a significant share, the trend favors outsourcing due to cost efficiency and specialized expertise offered by external providers. Factors such as economic fluctuations and potential regulatory changes could influence the market's trajectory, but the overall outlook remains positive, reflecting Greece's ongoing economic recovery and investment in infrastructure development. The competitive landscape is moderately fragmented, with several established players like Cowa Hellas, Manifest Services, and MELKAT vying for market share alongside smaller, specialized firms. The market’s future growth hinges on technological advancements in FM, such as smart building technologies and data-driven analytics for optimized operations and resource management. Increased focus on sustainability and energy efficiency within facility management contracts presents significant opportunities for providers offering environmentally friendly solutions. Expansion into niche areas, such as healthcare facility management and specialized industrial services, could also prove strategically advantageous for established and emerging companies. To successfully navigate the market, companies will need to adapt to evolving client needs, embrace technological advancements, and demonstrate a strong commitment to sustainability. Recent developments include: May 2023 : Mytilineos announed plans to acquire Unison, which is active in facility management field. The company's clientele includes some of the largest groups in Greece, such as Viohalco, Sklavenitis, OTE, DELTA, Athens Brewery, Hygeia Group, etc., February 2023: The Polygon Group shall work in partnership with all its customers, improve processes and take action to reduce the shared footprint by making real reductions while also establishing a number of Internet of ThingsIoT tools for environment management as well as technologies and services that are aimed at monitoring, preventing and limiting damage.. Key drivers for this market are: Growing Trend Toward Commoditization of FM, Increasing Investments on Insfrastructure Developments. Potential restraints include: Growing Trend Toward Commoditization of FM, Increasing Investments on Insfrastructure Developments. Notable trends are: Single FM of the Outsourced Facility Management Type to Hold Significant Market Share.

Enterprise-Value-To-Sales-Ratio Time Series for LAMDA Development S.A.. LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, and project management in commercial real estate market in Greece, Serbia, Romania, and Montenegro. Its development portfolio includes three shopping and leisure centers, including the Mall Athens and Golden Hall in Athens, as well as Mediterranean Cosmos in Thessaloniki; office complex in Greece and Romania; and Flisvos Marina in Faliro, as well as the metropolitan redevelopment of Hellinikon Airport area. The company was founded in 1977 and is based in Marousi, Greece.