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Athens is becoming a prominent office market because there is a more significant profit margin while offering higher returns for investors than other European office markets.

Late stage VC investment saw the sharpest drop amidst falling valuations and concerns about the profitability and sustainability of business models.

The country has a lot to offer and also arouses supraregional interest through extraordinary projects. The Tower of Piraeus, for example, has met with a positive response.

The trend would likely continue during the first half of 2023, but would reverse in the second half according to BNP Paribas Real Estate Germany.