Greek house price falls continue for seventh year, albeit at a slower pace
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House prices are now falling at a slower pace in Greece, compared to the sharp price drops of 2012 and 2013 - but are unlikely to begin rising before the end of next year.
In Greece’s urban areas, house prices dropped 5.47% (4.91% in real terms) y-o-y in 2015, the lowest annual fall in house prices since 2009, based on figures from the Bank of Greece. House prices in Greece’s urban areas dropped 1% (-1.5% in real terms) q-o-q in Q4 2015.
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