Greece's house price bust isn't over yet! GLOBAL PROPERTY GUIDE NEWS TEAM | October 19, 2017 Home Property News Trend: house prices fell y-o-y 2.52% y-o-y in Q2 2017. Greece's decade-long housing market bust is not yet over. House prices have been falling in Athens since 2008. This latest decline was worse than last year's 1.55% decline y-o-y to Q1 2016. During the latest quarter (Q2 2017) house prices fell by 1.58%. Analysis: The Greek economy barely grew last year. GDP contracted 0.2% in 2015. Rents, rental yields: moderate yields in Athens at 4.17% Athens apartment costs are around €2,846 per sq. m. Greece: city centre apartment, buying price, monthly rent (120 sq.m.) Buying price Rent per month Yield Athens €341,520 €1,188 4.17% Recent news. The Greek economy is projected to expand this year by 2.1% and by 2.5% in 2018, according to the European Commission.