Greece re­mains the worst per­form­ing prop­erty mar­ket in the EU

Kathimerini English - - Focus -

at the bot­tom of the Euro­pean prop­erty mar­ket re­gard­ing the course of prices af­ter the sec­ond quar­ter of the year, ac­cord­ing to data is­sued yes­ter­day by Euro­stat. All Euro­pean Union mem­ber-states saw an in­crease in prop­erty rates this year, with the ex­cep­tion of Greece – where, ac­cord­ing to the coun­try’s cen­tral bank, prices dropped 1.2 per­cent – and Italy – where rates edged 0.2 per­cent lower year-on-year. The to­tal drop in prop­erty prices in Greece from 2008 to end-June 2017 av­er­aged at al­most 43 per­cent. In Athens the de­cline ex­ceeded 44 per­cent and in Thes­sa­loniki it came to 46.5 per­cent.

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