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The Greek real estate market is hot, but the prices are not affordable to wide public: are property prices expected to decline?

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The forecasts from the experts are full of cautious optimism.

The forecast

Real estate market experts anticipate a modest decline in housing prices in the upcoming months, contingent upon the continuation of the present economic conditions.

The reasons

  • Gradual reduction of foreign direct investment in the housing market, expected from the second half of 2024,
  • Higher threshold for accessing bank loans for most potential local buyers.

In other words, demand is expected to lag. But not because purchasing interest has decreased, but because prices have risen to such heights that most of the properties on sale are unaffordable.

Please read also: There's a significant gap between the asking and actual prices of real estate in Attica

Source: Ekathimerini

Photo by Dimitris Kiriakakis on Unsplash

Quoting conditions of Prian.info materials

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Tags: Greece, Market Analysis, Investment, Real Estate

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