The Greek real estate market will record strong growth rates following the end of the pandemic, George Kormas, head of Real Estate Group of Piraeus Bank and CEO in Piraeus Real Estate said on Monday, according to ANA.
In comments made to an NPL Summit 2021 last week, Kormas said that the strong recovery rates recorded in 2019 and in the first quarter of 2020 in the domestic real estate market were not a periodic phenomenon but a general trend will continue to exist after the end of the pandemic crisis. He underlined the resilience of the real estate market despite the fact that investors remained on the sidelines because of the pandemic.
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