DANOS, an alliance member of BNP PARIBAS REAL ESTATE, was one of the sponsors of the DDC NPL Management South Europe 2022 (9th edition), which was carried out with great success on November 22nd 2022, at Divani Caravel Hotel.
During the conference distinguished Greek and foreign experts with extensive involvement in the Real Estate Market, as well as members of asset management, servicers and financial institutions / banks, presented the current situation in the NPL/ REO and Real Estate market in Greece and in South Europe.
Mr. Yannis Paraskevopoulos, General Manager of DANOS, an alliance member of BNP PARIBAS REAL ESTATE, participated in the panel discussion with the topic "Real Estate: Influences and Outlooks", commenting about the influence of the increased inflation, the energy crisis, the turbulences in the (stock) markets and the war in Ukraine in the Greek Real Estate Market and the balance, that Real Estate as a long-term investment could bring to the inflation pressure. The increased interest rates could lead to supply decrease, due to the fact, that new developments are using normally debts, but it could also lead to a normalization in the market with possibly less transactions, but more stabilized prices.
Regarding the yields, he noted that they cannot be the same for all asset classes and/or prime and secondary assets and that investors are targeting alternative markets, like healthcare, all kinds of Living, data centers etc. Moreover, the lack of prime product in the established markets (e.g. offices), and the continued demand for the prime product allow a cautious optimism. Transactions could be proceeded with slightly higher yields, but this can be partially balanced through the rental growth. Furthermore, he pointed out, that investors requirements have shifted to new bioclimatic buildings with energy saving context, sustainability and wellbeing elements, acknowledging the importance of ESG criteria in their investment decisions, due also to the fact, that ESG is the new driver for the users’ demand.
Photo caption:
DDC 9th EDITION NPL MANAGEMENT SOUTH EUROPE 2022
"Real Estate: Influences and Outlooks"
From the left:
Nikolaos Kostikas, Partner, Watson Farley & Williams (Moderator)
Nikitas Zisimos, Managing Director, Hipoges Hellas & Alsvit
Christos Mantzouratos, Director - Commercial Advisory, Arbitrage Real Estate
Vasileios Gkonis, Head of Asset Management, Atlas Property Partners
George Mountis, Group Managing Partner, Delfi Partners & Company
Lila Pateraki, Chief Real Estate Services Officer, doValue Greece
Yannis Paraskevopoulos, General Manager, DANOS - an alliance member of BNP PARIBAS REAL
