House prices beginning to turn in Greece!
This content is archived.
House prices are now falling at a much slower pace in Greece, compared to the sharp price drops of 2012 and 2013. Greek house-prices declined over the year, but during the latest quarter house prices actually rose in some locations (when prices are adjusted for inflation), such as in Thessaloniki.
Alpha Bank A.E.’s Theodoros Kalantonis is optimistic that home lending will revive soon, saying this year will be a turning point for the Greek mortgage market as buyers realize that prices won’t decline any further.
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