BoG: Greeks’ Investments in Homes Has Fallen 85% Since Onset of Economic Crisis

Saturday, January 28th, 2017
Last Update: 21:14

According to a Bank of Greece study, household investments in homes in Greece has decreased since 2008, up to as much as 85 percent in the fall of 2016.

The first quarter of 2016 shows an estimated 1.2 billion euros over a 12-month period was invested into homes compared to 8.11 billion euros in 2008, the study reports.

Another factor the study points out is that from 2000 to 2009 property prices increased by 82 percent. However following the onset of the economic crisis in 2008, property prices have steadily decreased by up to 40 percent in 2016.

See Also:

Thank you for contacting Greece.com.

Thank you for your enquiry to Greece.com Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Greece.com Business page, CLICK HERE to create a Greece.com Account