At a time when there is an increase in the value of homes worldwide, the Greek housing market is going in the exact opposite direction — a huge drop.
According to IMF research, the indicator of global housing values increased to 127.4 units in the second quarter that ended in June 30, showing a rise in prices for a fifth consecutive quarter and reaching a high point since the last quarter of 2008.
The data is showing that the highest housing prices are observed in Hong Kong at 14.6% in the second quarter, in Ukraine at 11.7% in Philippines at 10%, in New Zealand and in Colombia at 8.8%.
In contrast, Greece along with Hungary and Netherlands are the countries with the largest fall of housing values, reaching almost 11%.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
