10.01.2012 - Greek real estate market set to experience further decline

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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