According to international and domestic experts, in recent years Piraeus has changed its image and has become a lucrative investment destination, both for foreign and Greek real estate investors.
The port of Piraeus is definitely the main destination for foreign investment flows. Recently, the largest project in the region (logistics, hotels, etc.) has started by a Chinese company, the total budget of which amounts to 750-850 million euros. At the same time, in the center of the city, around the port of Piraeus, a large domestic joint venture (Grivalia – Demand- Teleperformance – European Bank for Reconstruction and Development (EBRD)) has made an investment of 250-270 million dollars in the renovation of the Papastratos tobacco company’s former properties. More precisely, old factories will be transformed into modern office spaces that will be available at attractive prices.
Foreign investors have already started buying old real estate properties throughout Piraeus with the aim to resell them if property sale prices rise.