On October 20-21st, our company took part in Prodexpo 9th Real Estate Development Conference and Exhibition, in Athens. The event is staged annually in Athens and focuses on business, commercial and residential property development, catching the attention of all major real estate players in Greece and South-Eastern Europe including: developers, consulting agencies, property investment organizations, construction companies and consortiums, architectural offices, project management software developers, experts, state agencies and semi-public entities in charge of developing the real estate property of the Greek State and Church.
In the recent editions, Prodexpo event have widened the range of themes by approaching the development of the real estate sector in a few more countries from the South-Eastern Europe, including Romania. This year, the event also included two new working sessions: Green Construction and Green Tourism.
Next to other local investors and developers, Yiannis Lagos, the Executive Director of Global Eye Investments, shared his view on the Romanian real estate market in the section dedicated to our country. He pointed out that Romania keeps on being considered a real estate market rich in opportunities and there were not few the foreign investors who have foreseen the boom that this field was about to record. One of them was Global Eye Investments Group which started its business in 2003 focusing on residential and commercial projects development and now it comprises 12 companies operating in different industries.
As the entire conference took place under the sign of the current economic crisis, Yiannis Lagos also referred to it. "We remain on hold reconsidering our strategy", he stated, but his forecast regarding Global Eye Investments evolution in the actual economic context was optimistic due to the group's low banking loans and liquidity.
Romania was represented within the event by Lazlo Borbely, the Minister of Development and Public Works, who insisted on the real estate investment opportunities along with the development of the country's economy, especially after 1999.
As generally perceived during the event, real estate funds are indirectly affected by the global economic crisis and such investments could be seen as opportunities of long-term profit to potential buyers. Optimistic messages on the real estate's future prevailed in the end of the conference.
