Greece records largest drop in house prices and rents in Europe during last 12 years

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Greece records largest drop in house prices and rents in Europe during last 12 years

The largest increases were observed in Lithuania (+101.1%), Czechia (+78.6%) and Hungary (+67.8%)

Newsroom January 20 03:44

Greece recorded the largest decrease in house prices and rents within the EU between 2007 and the third quarter of 2019 according to the latest data from Eurostat, the European Union’s statistics agency, greekcitytimes.com reports.

The largest drops in house prices were observed in Greece (-40.0%), Romania (-27.2%) and Ireland (-16.7%) whilst for rentals, all Member Staes experiences increases except for Greece (-17.5%) and Cyprus (-0.3%).

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> Economy

Greece records largest drop in house prices and rents in Europe during last 12 years

The largest increases were observed in Lithuania (+101.1%), Czechia (+78.6%) and Hungary (+67.8%)

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Serious clashes in Chania and Heraklion with stone-throwing and tear gas between farmers and riot police – Patrol car overturned (video-photos)

Farmers have also closed bypass roads on national highways and are preparing to block ports in Thessaloniki and Volos

Farmers sharpen their stance: Clashes outside Heraklion Airport, nationwide highway blockades, and preparations for port shutdowns (updated)

Domna Michailidou: “In the coming years we will release 1,500 apartments onto the market – How they will be allocated to citizens”

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