Image default
Greek News

Greek real estate market records sharp rise in rates

 

The Greek property market is witnessing an unprecedented – some would say violent – increase in rates, regarding both sales and rentals, ekathimerini.com reports.

After nearly a decade of recession, when rates fell significantly, property owners appear to be trying to recover most of the losses they suffered in just 12 months, not only due to the drop in prices but also to their years-long entrapment, as they were unable to find any buyers.

Data from online property ads network Spitogatos indicate that the average asking price for an apartment in the center of Athens posted an annual increase of 313 percent at the end of the second quarter, to 1,522 euros per square meter. Asking prices have also soared in Piraeus, by 18.2 percent year-on-year to 1,346 euros./sq.m. In the southern suburbs the increase came to 13.3 percent, with the average asking price at 2,530 euros/sq.m.

Read more HERE

Σχετικα αρθρα

No deal at the Council of Ministers of Energy – Disagreement on the upper limit on the price of natural gas

admin

Post-COVID recovery forecast for hotels and short-term rentals in Europe (infographic)

admin

Erdogan says he wants Turkey’s interest rate in single digits this year

admin

Google’s large investment presentation in Greece

admin

Natural gas: European Commission says “no” to the cap proposal, according to Politico

admin

PM Mitsotakis: The majority of member states support the gas ceiling – The letter of the “15” to the Commission

admin

Where’s the Best Internet in Europe – Where is Greece? (infographic)

admin

Financial Times: Greece one of the seven economic wonders of a worried world

admin

Where are the Global Super-Rich from? (infographic)

admin

Greece among worst countries for self-employed citizens at risk of poverty and social exclusion, Eurostat says

admin

The World’s Suppliers over the last 70 years (timelapse video infographic)

admin

Electric Cars But No Chargers…(infographic)

admin