Real estate in Canada
Bank of Greece: 9.2% jump in apartment prices in the second quarter
Based on available provisional data from the Bank of Greece, it is estimated that in the second quarter of 2024, apartment prices (in nominal terms) were up by an average of 9.2% compared to the corresponding quarter of 2023.
Lower interest rates expected to trigger new housing projects
Developers are waiting to see and analyze the direction loan rates will take in 2025 before launching new projects in the housing market, which has experienced a plunge in sales for months.
Currently, both consumer and construction companies are in the wait-and-see mode in an environment of high inflation and high interest rates.