Bank of Greece (BoG) reports that property prices are on a steady rise, posting a double-digit annual growth rate for nine consecutive quarters, citing estimates from banks, real estate agents, and property consultants.
As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%. Over the same period, in the region of Attica, the increase reaches 79%, with prices returning to the “golden” era of 2007-2008.
The southern suburbs of the wider Athens area, Piraeus, and the center of Athens witnessed an even greater surge in sales prices, which are now higher than those of the pre-economic crisis period.
Despite this continuing upward trend, most Greeks are finding it nearly impossible to buy a new house. It is indicative that only 9% of the 200 executives in the Greek real estate market surveyed in Cerved Property Services’ annual market research expect a decrease in prices for old properties, and similarly, only 12% for newly-built ones. Conversely, 44% anticipate further increases, both for new and old properties, while 53% of respondents foresee the maintenance of today’s high housing sales prices.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
