Greek Real Estate market: Prices and activity decline escalates, uncertainty increases
Greece Macro Monitor – Focus Notes
21 February 2013
• The fall of residential real estate prices escalates (-11.7% in 2012), with rents also falling. • Residential real estate activity remains weak as uncertainty surrounding the economy, future taxation, the legal values system and the foreclosures framework prevails. • Investment and employment in residential construction have fallen to the lowest level of the past 12 years...