Greek residential property price recovery picks up in third quarter

Greek residential property price recovery picks up in third quarter

Greek residential property price recovery picks up in third quarter

A recovery in Greece’s residential real estate market picked up pace in the third quarter, as the economy continued to expand and inflation rose near a three-decade high, central bank data showed on Tuesday.

Property makes up a big chunk of household wealth in Greece, where the home ownership rate is about 73.5%, above the euro zone average of 66%, according to European Union statistics on income and living conditions.

Pusblished by George Georgiopoulos.