Eurobank experts believe that in the current year property in Greece will continue to fall in price, according to ee24.com citing ekathimerini.com.
Under the baseline scenario, prices will fall by 6% and the recovery will start the next year. The worst scenario assumes the 12-percent decline in 2014, and start of the recovery in 2016. Study of the bank also reports that housing in Greece has increased in price by 200% in the decade before 2008, and prices have fallen by 38% in the following five-year period.
We recall that earlier portal ee24.com has published the forecast for markets of Italy, Spain and Portugal, according to which property in these countries will continue to fall in price in 2014.