Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Real estate investment firms’ future looks better

By Nikos Roussanoglou

Things are looking up for real estate investment companies in Greece as the slide in the prices of commercial properties they have in their portfolios appears to be coming to its end.

The first clear sign of the new trend was the return to profit of blue chip Eurobank Properties. This week the company announced after-tax profits of 2.7 million euros in 2013, bringing an end to three years of losses. It had lost 28.1 million euros in 2012.

A key factor in the company’s return to profit last year was the acquisition of two properties leased by Praktiker and one apiece by Carrefour-Marinopoulos and McDonald’s.

The commercial properties market is expected to stabilize in 2014, according to industry insiders, although it will continue to suffer pressures in the first half of the year.

According to a recent survey conducted by the Athens University of Economics and Business on the course of the professional buildings market in the next six months, 66.3 percent of experts forecast that prices will continue to decline, while 53.6 percent said that demand will be even smaller.

ekathimerini.com , Friday February 21, 2014 (22:41)  
Arrivals show increase in January-June 2014 period
TBEX brings together 800 travel bloggers in Athens
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Samaras to represent Anastasiades at European Council meeting
Greek Prime Minister Antonis Samaras is to represent Cypriot President Nicos Anastasiades at the European Council and a European conservative leaders' meeting on Thursday after the latter wa...
Cyprus president to sit out EU summit due to high blood pressure
Cyprus President Nicos Anastasiades was admitted to a hospital in Brussels on Thursday morning following repeated nosebleeds caused by high blood pressure. He was discharged a few hours late...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Samaras to represent Anastasiades at European Council meeting
2. Arrivals show increase in January-June 2014 period
3. Cyprus president to sit out EU summit due to high blood pressure
4. Strong winds hamper sea travel
5. TBEX brings together 800 travel bloggers in Athens
6. Roberto´s heroics make Kasami´s goal count
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. At least 11 banks to fail European stress tests, three in Greece, report says
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.