Eyes on Greece News on Economy Business Culture

    Real estate prices in the general Athens area have plunged so low that in some cases houses are sold at one tenth of their market price, according to data posted in the General Secretariat of Information Systems.

    In the first quarter of 2017, there were houses in certain areas of Athens that were sold at 100 euros per square meter while the zone price was 1,250 euros per sq.m..

    Published in Economy

    The Greek homes market has the lowest rates among 18 European countries according to an international survey by the RE/MAX Europe network of estate agents.

    In 2016 a 100-square meter apartment in a Greek city cost 92,200 euros on average, or 922 euros/sq.m., while outside urban areas the average price of a house of the same size stood at 67,000 euros (670 euros/sq.m.).

    Published in Business
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