27.05.2025

The future of the real estate market and the challenge of social consensus.

As part of the 3rd Real Estate Conference organized by Capital.gr and Forbes Greece, the CEO of DIMAND, Mr. Dimitris Andriopoulos, participated in the “Face to Face” session alongside the Minister of National Economy and Finance, Mr. Kyriakos Pierrakakis, moderated by the director of Capital.gr, Mr. Spyros Dimitrelis. The discussion focused on the vision for the real estate of the future, as well as the modern challenges and trends in the market.

Mr. Andriopoulos emphasized that “the real estate of the future is public real estate,” pointing out that the State largely ignores the scope and value of its property assets. A key example of utilization is the project on the former PYRKAL site, which is being developed as a Public-Private Partnership worth €530 million, aiming to create the largest government park in Europe.

He made special reference to the issue of social housing, stressing that it is a global challenge that Greece must address through coordinated actions. According to him, social consideration in exchange for development rights could accelerate the supply of properties to the market, helping to balance prices.

Regarding urban regeneration, the CEO of DIMAND spoke about the company’s recent projects, such as the Piraeus Tower, the MINION building, the purchase of the Camba estate, and the redevelopment of the former U.S. military base in Gournes, Heraklion. He placed particular emphasis on the need for social consensus and the involvement of local stakeholders in project planning, underlining that the added value of these projects is not only economic but also social. Mr. Andriopoulos also highlighted the need for transparency and the digitalization of procedures, citing examples from Spain, where information about land use is readily accessible to citizens. He stressed that Greece must move in this direction to remove the obstacles that the business community feels are imposed by the State.

In closing, he emphasized the need for consistency and continuity in policies and reforms, as well as the importance of a trust-based environment between the public and private sectors, which he considers a foundation for sustainable and inclusive development.