Interest for retail sites rising but few deals

Interest among retailers in Greece for high street locations is growing but few deals are being done due to a low number of suitable assets on offer, real estate broker Cushman and Wakefield said in its latest report.

In a second quarter snapshot on Greece, the broker said that big international retailers are continuing to invest in the Greek market, citing retailers JYSK and H&M that recently opened new outlets in Athens and elsewhere in the country.

"Although investor appetite is high for both prime assets and those more opportunistic well located with redevelopment potential, the transactions are rather low due to limited product on offer," the report said.

Rents in prime locations are seen remaining stable, but seen dropping further in secondary locations, it added.