European Bank predicts a further fall in property prices in Greece

14.03.2014 01:00
Articles about real estate |  European Bank predicts a further fall in property prices in Greece Housing prices in Greece should be reduced even more in 2014, prolonging the crisis in the real estate market for another year.
To such conclusion experts Eurobank. It is reported portal Ekathimerini.

According to the favorable scenario , house prices in Greece fall by 6% in 2014. And extreme scenario assumes a reduction in property value by 12%. According to analysts, the Greek more expensive housing will not begin until 2016 .


Forecast to Fitch Ratings, property prices prior to their recovery will fall by 42% from their peak values ​​. And according to the latest report of the International Monetary Fund ( IMF) , the crisis in the real estate market in Greece will last six and a half years, and prices will fall by 45% since 2009.

Recall that according to the latest projections, the real estate market recovers in Greece until 2017.
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Content tags: Overseas property
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