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Rising real estate prices in Greece - Bank of Greece warning
The Greek real estate market continues to move upwards, with increases in both rents for residential rents for commercial property. But beneath the picture of resilience, the Bank of Greece warns: the supply of quality housing remains low, accessibility is constrained and the imbalance is widening. building activity is not keeping pace with demand, and the market’s next day will depend on whether and how construction of new, affordable housing increases.
BoG: Over 30 mln tourists in Greece in 2023; receipts up 16.5% compared to 2022
Travel receipts in 2023 totalled 20,593.6 million euros, up by 16.5% compared with 2022, the Bank of Greece said on Tuesday in a final report on 2023.
Stournaras: There is no room for complacency despite economy's good performance
A message regarding the need for vigilance, despite the economy's good performance, was sent by Bank of Greece Governor Yannis Stournaras on Monday, while presenting his annual report during the central bank's General Assembly.