On Wednesday Eurostat presented data gathered by the Bank of Greece (BoG) showing that the Greek housing market has experienced a decline in prices for the April-June quarter.
According to the data, Greece came in second from the bottom in performance among all the EU member states showing a 2.9 percent annual decline in prices.
However, Greece was not alone in experiencing a decline in prices in the housing market. Two other countries, Cyprus and Italy both saw declines as well with 9 percent and 1.4 percent, respectively.
The rest of the EU member states saw growth in the housing market, with an average rate across the bloc of 4 percent increase.