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Greece Focus Notes
12 December 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.
See also
