Published at: 2017-05-12 10:54 | Author: Nikos Roussanoglou
The worst is over for Greece‘s residential market, but the fragile market is still sensitive to the economic headlines
Greek residential prices appear to be bottoming out, having suffered a nearly 39 percent drop since 2008. New figures released for the fourth quarter of 2016 suggest that the situation in Athens (where the majority of sales volume is concentrated) was even worse, with prices plummeting an astonishing 42.7 percent. Even Greece’s second largest city, Thessaloniki, was hammered with a 41 percent drop.

However, in its latest annual report, the Greek real estate company Eurobank Property Services,...

Similar Stories:

DBH  25th May 2017 - Sponsored by Panattoni Europe
Following a spectacular business mixer at the Prague CIJ DBH, our thanks to all the guests  »
Lustica Bay scheme moves ahead
A marina development in Lustica Bay, a city along the Montenegrin coast, close to Tivat, i  »
A&M Captiva purchases 19 German retail properties
A&M Captiva has purchased a portfolio of 19 retail properties from Vos Investment Groe  »
Bonava named most active housing developer in Germany
Bonava was named the most active housing developer in Germany by Bulwiengesa. Bulwiengesa  »
Riding the cresting wave of the booming residential market, Doron Klein is doing what any   »
At the beginning of the year, Penta Investments began construction of Byvanie Bory, the re   »
The general contractor Łucz-Bud has begun construction of the second phase of Przystanek   »
The Czech residential market is dominated by middle-range projects offering high-quality a   »