Poor score for Athens but investors mixed on prospects in report put together by the Urban Land Institute and PwC.
“We haven’t been investing in the Greek market,” says a big international investor. “There is a risk of Greece dropping out of the Euro, and even if you don’t think it will happen there is still a high potential. It is a spectrum of how much risk you take on.”
“Greece has suffered, but in the next six to nine months we expect an appreciation of assets and the recovery of rents,” says an investor.