Greek realty bucks euro trend
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House sale prices in Greece posted the third largest increase in the European Union in the first quarter of this year, Eurostat data showed on Thursday.
The increase reached 10.4%, behind only Poland and Bulgaria, where prices recorded an annual increase of 18% and 16% respectively.
Overall in Europe the picture is relatively stable, as in the EU a small increase of 1.3% was recorded, while in the eurozone prices fell by 0.4%. Based on Eurostat data, house sale prices fell in seven countries, while increases were recorded in 19. The biggest decreases are observed in Luxembourg with 10.9%, Germany with 5.7% and France with 4.8%.
In a recent analysis, Alpha Bank reported that the housing sales price index in Greece, as published by the Bank of Greece, has seen a total increase of 66% since the third quarter of 2017, which was the lowest point in the market until...
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