property value loss

As we are approaching the eight-year-mark since the first bailout program was imposed on debt-ridden Greece, a look at the heavy losses Greek households have suffered through the crisis shows staggering findings. The crippling eight-year recession has so far caused...

The Greek real estate market has declined considerably during the economic crisis. Estate agents say property prices have fallen to 1980s level, with some houses being sold for 100 euros per square meter. As for newly built houses, buyers can find great deals...

New data by the Bank of Greece reveal that the Greek real estate market slumped by 9.2 percent during the third quarter of 2013, which according to Eurostat was the second-worst performance among European Union countries, following new EU...

The real estate prices fell gradually in the third quarter of 2013. According to the report made by the Bank of Greece, the prices of apartments this period fell by 11.6 % bringing losses of 10.9% from the beginning...