Aviation Links, Palmo partner on €8.8m Greek vacation-apartment project
The Israeli companies plan to convert an existing hotel in the Greek resort town of Loutraki into 75 vacation apartments, with prices starting at €100,000
Assessment
Two Israeli firms are betting on Greek resort real estate, converting a hotel into 75 vacation units starting at €100,000. At €8.8 million total, the bet is on Israeli demand for affordable second homes abroad. Watch whether this becomes a template for similar hotel-to-apartment conversions in other Greek towns.