Greece

House prices, as measured by the House Price Index, rose during the 4th quarter of 2016 by 3.1% in Cyprus compared to the previous quarter and by 2.8% compared to the same quarter of the previous year, according to...

According to the Bank of Greece’s Monetary Policy report published on Tuesday, since the beginning of the financial crisis five years ago, in 2008, the house prices in Greece have fallen by 37.6 percent in real terms. The report also mentions...

Over the next two years, Greek house prices are set to fall by a further 17% according to ratings agency, Fitch. Since 2009. prices have already fallen by 20%, and the total decline is set to be 37%, if Fitch...

Bank of Greece figures revealed on Thursday that those in the home-building sector remain unwilling to adjust their prices to market conditions, as on average they only reduced the prices for newly built houses by 3% within the third...

House prices in Greece will decline by 10% by 2013, according to National Bank of Greece's monthly report on the economy, published on Thursday. The report estimates that the total correction of prices from their peak in 2008 will amount...

Food prices keep increasing while household incomes are strikingly low, according to data recently published by Eurostat. The European statistical agency says that food prices in Greece have seen a general increase of 2.3 percent from last year, while the...

According to a survey published at the Global Housing Watch website, prices of Greek houses in the fourth quarter of 2013, have dropped by 7%, which is the second highest rate after India.  The survey was based on IMF and...

The prices of basic commodities may be lower than in other European Union countries, but the cost of living in Greece remains higher. That was the conclusion of the National Confederation of Hellenic Commerce (Esee) after studying the findings of...

Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to data posted in the General Secretariat of Information Systems. In the first...

In Greece, food prices are generally more likely to rise than fall for consumers since retail prices are determined in accordance to the rate in which industry prices increase, with the difference being offset by the consumers paying more...

Although the rental rates for homes has dropped in Attica, the demand for short-term lease from the international market is still very active. According to Bank of Greece figures, the average rental rate for a home has dropped some 0.4...

If the price of oil drastically increases the government will take the necessary measures, Environment and Energy Minister Giorgos Stathakis said on Monday, speaking to Real FM radio, responding to questions relating to the rise in international oil prices...

The damage the economic crisis has caused to the housing market is so big that it will take until 2050 for houses to reach the value they had in 2008. According to a study conducted by PricewaterhouseCoopers (PwC) auditor firm,...

Greek families that have seen their household incomes butchered noted an even greater reduction according to data released by the Hellenic Statistical Authority (ELSTAT). The latest figures show that consumer spending decreased by 1.1 percent dropping from 32.2 billion...

Property prices are in free-fall, with apartment prices down 41.4% in the 2006-2016 period, Theodoros Mitrakos, vice-governor of the Bank of Greece (BoG) said on Thursday. Addressing a real estate conference, Mitrakos said nominal prices for office space and high-standard...