Greece’s house prices on cusp of rising, as its economy begins to recover
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The Greek economy is expected to grow by 2.7% this year and by another 3.1% in 2018, mainly due to an upsurge in tourism. And after seven years of falling house prices, things are turning around.
In Greece’s urban areas, house prices dropped by just 0.46% during 2016, the lowest annual fall in house prices since 2009, according to the Bank of Greece. When adjusted for inflation, house prices actually rose slightly, by 0.03%.
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