Many investors buy real estate to earn money through rental income, appreciation, and
profits generated by business activities that depend on the property. We repeatedly observe
that every client has a small number of properties trying to achieve profit while facing
tenants, repairs, evictions, damages, and other everyday situations.

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After implementing ENFIA in 2014 in Greece, the cost of owning real estate became much
higher, especially when the real estate exceeds a value of 600,000 euros. It is now
unprofitable for a natural person to accumulate real estate, something that used to happen
a lot in the past.

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In Greece, there is legislation since 1999 that allows the establishment of a Real Estate
Investment Company, something that happened in Europe much later. This corporate form
allows investing in real estate in the form of shares. So we have the advantages of investing
in real estate without the disadvantages.

It is essential to create an AEEAP with medium and small investors who will gain
considerable advantages compared to investing in real estate on their own. Creating an
AEEAP and outsourcing its management to a team of specialized executives maximizes the
return on real estate and increases their value, which is almost impossible for a private real
estate investor.

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AEEAP stands for "Anonymi Etaireia Ependyseon se Akinite Periousia," which translates to "Anonymous Company of Real Estate Investments" in English. AEEAPs are companies in Greece that specialize in real estate investments. They invest in real estate properties and may hold a substantial portion of their assets in real estate, deposits, and securities. AEEAPs are governed by specific laws and regulations. These companies play a significant role in the Greek real estate market and contribute to the development and investment in various real estate projects and properties.

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The Greek economy will also get benefited, as AEEAPs use real estate more correctly and
efficiently. The real estate market remains fragmented, does not offer what it could if it
operated in an organized manner, and it cannot achieve concentration and growth in larger
schemes.

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A great advantage for the Greek economy, developing the AEEAPs, would be to benefit from
the taxes that will result from the repairs and maintenance of real estate by the branch
professionals. As known, different services on privately owned real estate are often done
without invoices. So when an AEEAP is using these services, the issuance of invoices is
mandatory, and as a result, it benefits the economy.