Property experts anticipate further growth in prices

Nearly half (44%) of more than 200 Greek property market executives who participated in Cerved Property Services' annual market survey expect further growth in property prices, which is set to happen for both new-build and old homes.

There are very few realty professionals who expect a drop in prices in the immediate future, amounting to only 9% who expect a decrease in prices for old homes and correspondingly 12% for newly built homes.

The main reason for the new price increases is the imbalance between supply and demand that prevails in all large urban centers in Greece.

The imbalance between supply and demand for housing in Attica, Thessaloniki and all the tourism destinations in the country persists, while in the rest of the regions the situation appears more balanced. This is one of the key findings of Cerved Property Services' (CPS) new annual market...