Author Topic: Falling house prices  (Read 1523 times)

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Offline Maik

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Falling house prices
« on: Tuesday, 28 January, 2014 @ 02:45:31 »
The Greek housing market posted the second-worst performance among European Union (EU) countries in the third quarter of 2013, as according to Bank of Greece data prices fell at an annual rate of 9.2 per cent following five years of decline. Eurostat announced this week that Greece was only second to new EU member Croatia in terms of the drop in house prices.

The Greek property market picture is unlikely to change in the next few months, even though the total price decrease has reached 32 per cent across the country since the start of the financial crisis.

The situation in the market is rapidly deteriorating... on average, buyers are able to negotiate 21.5 per cent off the asking price.