Partment expands to Greece, offering diverse second home co-ownership opportunities

Partment expands to Greece, offering diverse second home co-ownership opportunities

The total value of real estate purchases by foreign buyers in Greece soared by 60.2% y-o-y to €1.28 billion, based on central bank figures

MENA: Partment, a prop-tech startup that offers co-owned second homes, announced today its expansion into the Greek market. Building upon a phenomenally successful inaugural year of operations in Egypt, this strategic leap underlines Partment's steadfast dedication to delivering cutting-edge proptech innovations. Venturing into the Greek market, Partment's mission is to unlock fresh investment prospects, fostering advancements in the proptech and real estate domains, not only within Egypt but on a global scale.

Partment offers a visionary "invest and experience" platform that empowers individuals to tailor their real estate investments according to their financial means, requirements, and aspirations, thereby transforming the conventional property ownership paradigm. Through the acquisition of fractional portions in meticulously crafted and expertly administered properties, Partment's co-owners are granted a specific number of nights for personal use or rental purposes, which is governed by Partment’s proprietary software, including a "smart booking system" that determines who can access the property and when. Additionally, they enjoy the advantages of comprehensive property management solutions and the potential for lucrative returns when divesting their investment interests.

Building on its triumphant entry