Analysis

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.