House prices have returned to where they were before the crisis, but the same has not happened with investments in the sector, which still deviate dramatically from the levels of 2007. Combined with the slow issue of housing loans, this has led to a reduced supply of properties, keeping the cost of housing high. “The […]
ByPhilip Chrysopoulos July 17, 2024 House prices in Greece soar. Apartment building in Kolonaki, the most expensive neighborhood in downtown Athens. Credit: Dimitris Kamaras Wikimedia Commons CC BY 2.0 While Greeks complain about house prices and rentals going through the roof, there is great interest from foreign buyers in several parts of Greece. Foreign investors, digital nomads, […]
The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year. Across Greece prices grew at an annual […]
The pattern that stands out in the Greek residential property market this year is the sale of homes costing up to 150,000 euros each, with bank funding of no more than 70-80 percent, according to data compiled by Individual Market Solution (IMS). However, unlike in previous years, buying interest has clearly increased, even if for […]
Due to the Greek economic slump, which began in 2008-2009, Real Estate faced a huge decline. For almost a decade prior to the global financial crisis of 2007–2008, the real estate market and property values increased with an impressive ratio. The main reason for this incredible performance of the real estate sector was the unlimited and […]
