Historic 47% increase in the commercial real estate sector in 2025

The Greek commercial real estate market is in a phase of moderate optimism in 2026, after a year of historically high activity.

According to Cushman & Wakefield Proprius, 2025 was a landmark year for the Greek real estate market, which recorded a historic record of transactions, up 47% compared to 2024, continuing the upward cycle that began in 2020.

Investment activity was mainly shaped by domestic institutional investors and family offices, with the participation of players such as Alpha Bank, Yoda Group, Dimand, Trastor REIC, as well as through the restructuring of Prodea REIC.

Portfolio transactions represented just over 43% of the total volume, while cross-border flows were limited to 30%, with the remainder coming from domestic funds. Indicatively, 46% of domestic investments came from family offices, 9.25% from REITs and 9% from hoteliers.

In particular, total investments in commercial real estate last year amounted to 2.9 billion, compared to 1.97 billion in 2024 (2.02 billion in 2023, 1.67 billion in 2022, 1.16 billion in 2021 and 1.01 billion in 2020) excluding the emblematic investment of the Italian ION in Hellinikon (of 450 million for the purchase of land on which it will build the International Research and Innovation Center), confirming the resilience of the market.

Confidence

As the real estate company estimates, the de-escalation of interest rates, the gradual restoration of investor confidence and the expected more active presence of institutional capital create the conditions for continued momentum, with the market transitioning from the phase of resilience to that of more mature growth.

Investments

In 2025, the hospitality industry maintained a leading role, absorbing 44.5% of the total invested capital, with investments of 1.4 billion euros.