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:

Realco to add 285 apartments to Vilnius scheme
Realco has announced plans for the third phase of construction at its Linkmenų lakes site  »
Patria Residenční Fond I buys four RSBC buildings
The closed fund Patria Residenční Fond I has acquired four primarily residential propert  »
Phase II at Kodulahe development in Tallinn set to begin
Arco Vara AS has signed a €7m contract with RAMM Ehituse OÜ for the construction of the  »
EYEMAXX Real Estate secures resi project in Essen
EYEMAXX Real Estate has secured a residential project of serviced apartments in Essen. The  »
It’s part of the bargain struck with the city that helped it win the needed support for   »
The developer Victoria Dom carried out a PLN 20m private bond issue in October, funds that   »
Svoboda & Williams has concluded an agreement with Christie’s International Real Estate   »
“The speed of growth is not so high as it was last year, that’s important for us,” s   »