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BoE: Warning bells for real estate prices – Set at levels disproportionate to disposable income

The Bank of Greece’s report on the real estate market presents a detailed analysis of the current situation. Over the past seven years, property prices have surged by 66.4%, and they are projected to increase by 10.4% in the first quarter of 2024. This growth rate is significantly higher than the rise in income.

When modernization is ‘out of order’

A pair of Australian tourists were astonished to hear that their cab ride from the port of Piraeus to the central Athens neighborhood of Pangrati was going to cost them a whopping 350 euros. They protested until the driver reduced the fare to 250 euros - by no means a reasonable amount. They paid him but kept his license plate number and reported him.

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