Record Number of Unoccupied Apartments in Greece Amid Housing Shortage
Greece is among the European countries with the highest number of unoccupied apartments, according to a recent study conducted by the Institute for Research and Social Change – Eteron. The finding comes at a time when Greeks have been struggling...
BoG: Financial Crisis Causing Property Prices to Free-Fall
Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...
Greece is the World Champion of Low Property Prices
At a time when there is an increase in the value of homes worldwide, the Greek housing market is going in the exact opposite direction -- a huge drop. According to IMF research, the indicator of global housing values increased...