Property value plummets by 34% in Greece
The median value of houses in Greece has recorded a significant fall of 34% between 2009 and 2014, from €106,340 to €69,834.
- Published in Greece
The median value of houses in Greece has recorded a significant fall of 34% between 2009 and 2014, from €106,340 to €69,834.
Greek Finance ministry on Wednesday announced a decision to lower official real estate values by 19 pct in a move aimed to bridge a gap created between commercial and official property values due to a prevailing crisis in the domestic real estate market.