Before joining Engel & Völkers, Georg Petras spent three years as CEO Germany for the French corporation Flash Europe, a supplier of time-sensitive logistics solutions. Prior to that, he spent ten years as an entrepreneur in this area and was able to establish his company as a market leader in Germany before deciding to sell in 2007.
As CEO of Engel & Völkers Greece, Georg Petras will be focussing on expansion: “At our Market Center in Athens, which is managed by Natalie Leontaraki, we currently have 115 real estate agents. Over the next two to three years, this number is set to increase to around 300.” What’s more, further shops are planned on Mykonos and in Glyfada on the Athens Riviera over the coming year. Then, in the next step, Crete, Corfu and other locations will be added depending on the market development. The volume of investment will amount to around 10 million euros by 2022.
The real estate market has developed positively since the crisis years. At six to eight percent, rental income for holiday properties is very high, most significantly on popular islands like Mykonos, Crete and Rhodes. “International investors are now returning to Greece, and the capital Athens is also benefitting. From here, it takes just 20 minutes to reach picturesque beaches, while the nearest island is only one hour away. This, combined with the flair of an international metropolis, makes it very attractive for buyers”, explains Petras.