Bank of Greece: Residential property prices recovering across the country

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Bank of Greece: Residential property prices recovering across the countryEconomic recovery in tandem with purchases of property by both investment funds and individual investors

Residential property prices are quickly rebounding in previously crisis-battered Greece, the country's central bank report his week in a relevant study, according to naftemporiki.gr.

Economic recovery in tandem with purchases of property by both investment funds and individual investors - mostly for short-term lease exploitation - is credited with the turnaround in the formerly declining real estate market.

According to collected data by credit institutions for the first quarter of 2019, prices for residential apartments - in nominal terms - were up by 9.1 percent, on average, compared with the corresponding quarter of 201

Based on revised numbers, in the first and second quarters of 2019, the increase is 5.3 and 7.7 percent, respectively, from the corresponding quarters of 2018.

The entire report is found here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: pixabay.com

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