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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