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| News / CEMP 2005 |
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| Greek companies to search for investors at BMP |
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| Friday, 16 September 2005 |
| Cityscape and Smart Villas & Houses will be exhibiting at BMP 2005 |
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| Post-Olympic Greece: Capitalizing on Lucrative Real Estate Opportunities with the Right Local Partner
Post-Olympic Greece has transformed into an ideal investment location for foreign investors eager to capitalize on real estate opportunities in the residential, corporate, commercial and tourism and resort sectors. Investors from around the world are paying attention to multiple factors that are simplifying the real estate investment and development process in Greece: a continuously rising growth rate; modern post-Olympic infrastructure; the privatization of state-owned companies; new governmental regulations and tax measures, such as the introduction of value-added tax on building licenses as of January 1, 2006 and the simultaneous reduction of the property transfer tax. The real estate market will be bolstered even further by the development of a national zoning plan [still in the draft stage] and the utilization of Olympic installations.
The Mediterranean Charm
The combination of a warm Mediterranean climate year round, a rich culture and history and more than 3,000 majestic islands make Greece attractive for thousands of tourists and thus, a prime investment location for the development of shopping and leisure centres, hotels, resorts, golf infrastructure, etc.
The Right Local Partner
The success of any foreign real estate investment depends on the selection of the right local partner. Thus, it is no coincidence that a few of the largest multinational companies and private investors have selected Cityscape as their trusted business partner for the investment, development and management of real estate in Greece. With more than 50 years of unrivaled local and international experience, an impressive client portfolio and a solid partner network, Cityscape provides integrated real estate solutions to select corporate, commercial and institutional establishments as well as independent investors and property owners in Greece and from abroad.
Cityscape ensures that clients are counseled and supported through every stage of a real estate investment by working closely with a reputable network of local third-party professionals and companies active in complementary real estate sectors. Post-Olympic Greece has set the platform and now it is up to investors to pursue an abundance of real estate opportunities that are expected to generate not only high returns, but also to boost business activity in the country for the long-term.
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