Greek real estate market

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...

According to the latest figures released by the Greek statistical agency ELSTAT, new construction for the first 5 months of 2016 across Greece has seen a drop from the already low number of last year, with only 2,751 new homes...

Understanding booms and busts in real estate markets has been a major area of study among economists, and many of them have developed models seeking to predict boom and bust cycles in housing markets. There is no model for the...

The deterioration of the housing market in Greece, due to the financial crisis and the high taxation on Greek real estate, has driven many house owners to seek a different way of earning income from their properties. A new trend,...

Over the last years, millions of Greeks witnessed a significant drop in the value of their real estate property. According to Greek news, real estate properties in Greece have already lost more than one third of their original value,...

Investors from Turkey have expressed their interest in Greek properties. Twenty four Greek properties were presented in a tourist event held in Istanbul on May 22, among which the historic building Caravanserai, in Thessaloniki, northern Greece. The prices of the buildings range...

As more and more foreigners are targeting the Greek real estate market for the purpose of investing and securing their own place in Greece, international real estate agency Algean Property covers the top ten reasons why foreigners should buy...

The Greek real estate market has declined considerably during the economic crisis. Estate agents say property prices have fallen to 1980s level, with some houses being sold for 100 euros per square meter. As for newly built houses, buyers can find great deals...

The Greek real estate market is still on a downward slope due to the lack of demand, the decline in people’s revenues and the overbearing tax burdens. In particular, Eurostat reveals that the Greek real estate market experienced the second-biggest...