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Greece Suffers Major 2013 Property Decline

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The International Monetary Fund reported today, that Greece suffered the second largest worldwide decline in real estate prices last year.

In its report, the IMF ranked India with the biggest setback at -9.1%, with Greece at -7.02%, Italy held -6.54%, Cyprus generated -6.48% and Croatia was determined at -6.35%.

The Philippines, Hong Kong, New Zealand, China and Columbia rated as the nations with the highest property price increases in 2013's final quarter. Concerning Greece, house prices deviated by 16.3%, in comparison to Hellenic rental figures and the nation's average rate.