Egypt-based Startup Partment Expands in Greece

Egypt-based startup Partment said it is expanding in Greece through a partnership with Greca Homes.

“Partment’s launch in Greece after a successful 1st operational year marks a significant milestone in offering innovative proptech solutions and making second homes ownership hassle-free, to both the Egyptian and global markets,” the company said on its website.

The real estate market in Greece has been showing promising signs of growth, with property appreciation rates steadily climbing.

“Co-owning a property here ensures you become part of this growth story, securing a piece of a market on the rise,” Partment added.

Partment is a digital platform that offers hassle-free second home ownership.

“According to the Bank of Greece, house prices in Greece have been rising steadily, with an 11.32% increase in urban areas in the year to Q3 2022,” the company said.

Athens, in particular, has seen a 13.02% increase in house prices over the same period. Demand from foreign buyers has also been strong, with the total value of real estate purchases by foreign buyers increasing 60.2% year-on-year in the first three quarters of 2022.

The company was founded in 2022 by a team with experience in business, tech and real estate and is backed by prominent international VCs

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