According to preliminary data released by the Bank of Greece, in Q2 2014 apartments in the country fell in prices by 7.3% year on year. The rate of decline in prices slowed down: in 2013 they accounted for 11.5%, 12%, 10.1%, 9.5%, and in Q1 2014 - 8.5%, according to the portal ee24.com.
Apartments on the secondary market of Greece have lost in the price of 8%, while new housing became more affordable by 6.1%. Apartments in Athens went down in value by 9.6% in Thessaloniki - by 5.4%, in other cities - by 6.5%.
The number of transactions in the property market in Greece has also decreased significantly, reaching 3,003 compared with 5,121 in Q2 2013.