<\/p>\n
In the first quarter of 2016, the cost of apartments across the country fell by an average of 5% year-on-year. This is comparable to the level of price reduction for such properties in 2015.<\/p>\n
In the report for the first quarter of 2016, published by the Central Bank of Greece, analysts recall that the average decrease in the cost of apartments in 2015 was 5%, compared to 7.5% in 2014.<\/p>\n
In the first quarter of 2016, new apartments (up to five years old) fell in price by 5.6%, and old apartments (more than five years old) by 4.6% year-on-year. In 2015, the decline in prices for new apartments was 5.5%, and for old apartments \u2013 4.7%.<\/p>\n
In terms of geographic location, apartments have fallen in price by 4.1% in Athens, 6.4% in Thessaloniki, 6.1% in other cities and 5.2% in the rest of Greece. For the whole of 2015, the decline was 5.1%, 5.3%, 5.3% and 4.4% respectively.<\/p>\n
Comparatively low prices in Greece \u2013 since 2009, square meters have become twice as affordable \u2013 are increasing the interest of foreign buyers in local housing.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
In the first quarter of 2016, the cost of apartments across the country fell by an average of 5% year-on-year. This is comparable to the level of price reduction for such properties in 2015. In the report for the first quarter of 2016, published by the Central Bank of Greece, analysts recall that the average\u2026<\/p>\n","protected":false},"author":23,"featured_media":1893300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256],"tags":[],"class_list":["post-70778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"