Property prices in Greece dropped by 7.5%. Prospective buyers are delighted

Property prices in Greece dropped by 7.5%. Prospective buyers are delighted

Greece continues to delight bargain hunters. According to the Bank of Greece, in Q1 2014 real estate was worth 7.5% lower than a year earlier. At the same time, the rate of decline in prices has slowed down, reports ee24.com.

Looks like there's nowhere to fall. Real estate in Greece became cheaper by 11.5%, 11.7%, 9.2% and 8.6% respectively in Q1-Q4 2013 and by 7.5% in Q1 2014. It is significant that the most seriously prices reduced in Athens (-10.6% in Q1) .

As we wrote, experts of Eurobank believe that the recovery in the property market in Greece will start only next year, and in the worst case scenario - in 2016.