Home Prices Drop 38% since Crisis Beginning
- Written by E.Tsiliopoulos
Housing prices have fallen by 31.1% since the beginning of the crisis according to the Bank of Greece.
Theodoros Mitrakos, head of the central bank's real estate department, made the statement during his address at the 8th Business Forum organized by RE+D magazine.
Mr. Mitrakos noted that Athens and Thessaloniki were recording the biggest losses so far. On the other hand, the smallest losses were recorded in the periphery of Macedonia.
In Athens, house prices are down 32%, in Thessaloniki prices are down 38.8%, in Patra -22.4%, in Larisa -28.2% and in Iraklio -21.9%.
In real terms, including inflation, house prices are down 37.9% since the beginning of the crisis.
Tagged under
Related items
-
Farmers protesting in Lefkonas, Serres, passed the police blockade and are heading to the Promachonas customs office.
-
Hellas Gold: Steady progress for the Skouries project
-
Is Antetokounmpo leaving the Bucks? The "disappearance" of photos from social media and possible destinations
-
Is Antetokounmpo leaving the Bucks? The "disappearance" of photos from social media and possible destinations
-
Driver who killed 24 year old Leonidas chocolate scion under the influence of alcohol, pot and cocaine
Latest from E.Tsiliopoulos
- Farmers protesting in Lefkonas, Serres, passed the police blockade and are heading to the Promachonas customs office.
- Hellas Gold: Steady progress for the Skouries project
- Is Antetokounmpo leaving the Bucks? The "disappearance" of photos from social media and possible destinations
- Is Antetokounmpo leaving the Bucks? The "disappearance" of photos from social media and possible destinations
- Driver who killed 24 year old Leonidas chocolate scion under the influence of alcohol, pot and cocaine