Lefteris Potamianos

The process of selling a house in Greece has started to look like an odyssey, after the developments of the last few weeks.

Property market professionals report a gap ranging around 15% to 25% on average between the asking prices and the prices at which the sales are finally made, which means there is plenty of room for prospective buyers to bargain.

"What we are experiencing is the end of the era of home ownership in Greece as households can no longer save to buy property," says Nikos Hatzitsolis, chief executive at real estate firm CB Richard Ellis-Axies, underscoring the fundamental changes that the crisis has triggered in the Greek property market.