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Greek real estate market set to experience further decline

Posted on 10 January 2012

Greek real estate prices are set to decline further in 2012, with the most conservative estimates putting the drop between 5 and 10%, as daily Kathimerini reports.
The impact is expected to be greater regarding older properties, which are in increasing supply. It is worth noting that, according to a recent Eurobank EFG report, Greek property prices are down 14% from their peak in the first quarter of 2008…………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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