Real Estate market: Prices and Activity continue to decline (December 12, 2011)
Real Estate market: Prices and Activity continue to decline (December 12, 2011)
Greece Focus Notes
12 Δεκεμβρίου 2011
• Residential prices and volume have decreased further in Q3 2011.
• Housing rents stabilise, while commercial rents have fallen significantly.
• Investments in residential construction have fallen to historical lows in 2011.
• Employment is declining fast.
• Construction costs remain high, especially the materials cost.
• Mortgage rates are increasing and credit availability is constrained.
• Business expectations are at historical lows territory.
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