Pandemic Contributing to Transformation of Real Estate Market, Piraeus Real Estate CEO Says

October 23, 2020

ATHENS — The pandemic acted as an accelerator that brings the future closer to today by transforming the real estate market, George Kormas, senior managing director, head of Group Real Estate of Piraeus Group and CEO in Piraeus Real Estate, said during the Prodexpo conference.

"In Greece we observe an increase in prices of bioclimatic buildings. Enterprises, individuals and investors see in these – only a few today – property assets, advantages that were not so visible. We have already moved into a new era. We have not predicted the pandemic, of course, but we had seen the need for sustainability, for development that will have environment and living quality at its core," Kormas said.

He underlined that digital transformation, incorporating artificial intelligence, the passing from Big Data to Smart Data, were the challenges facing every company and organisation, including the real estate market.



ATHENS - Greece's primary surplus stood at €1.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

ATHENS – After five years of systematic research, documenting and collecting stories from all over Greece, Istorima, the largest-scale collection of oral history in the country, continues its activity and is enriched with a renewed website with updated series and collections.

For centuries, ancient artifacts, art, and relics have been a topic of ownership, provenance, and morality debates.

LESVOS – The 2nd International ELIA Lesvos Confest (an olive conference and festival) took place at the Vrana Olive Press Museum on the island of Lesvos in Greece May 23-26.

NEW YORK – Pancyprian Association of America issued a statement mourning the passing of Constantine Iordanou, the businessman and philanthropist who was also a founding member of the Association.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.