The Greek real estate market is recovering faster in the first quarter of this year. According to data from the Bank of Greece, the momentum of Greece's economic expansion and foreign investment will continue to increase. Compared with the same period in 2018, Greece's housing prices in the first quarter of this year rose by 4% overall, significantly higher than the 2.6% increase in the last quarter of last year. .

Since Greece entered the recession in 2008, to 2017 At the end of the year, Greek house prices have fallen by 42%. In recent years, the Greek economy has improved, and it has been found that life has become a short-term rental house, and with the “golden visa” blessing, Greek house prices rebounded. In the first quarter of this year, Greek house prices rose by 4% overall, and Athens house prices rose by 5.8% year-on-year. The overall price of the Greek office building also rebounded by 7% last year.

Greek National Bank Economist Maginus 6 On the 12th of the month, the Greek real estate market is developing in a positive direction, and the performance of Athens's housing prices is more encouraging. He said that the decline in Greek construction activity in the past few years has curbed the supply of new housing, which is one of the reasons for the rise in property prices in the country.

Maginus said that there are currently unsold houses in Greece Stocks are slowly decreasing, as long as the Greek economy continues to recover and banks are not allowed to sell mortgage homes, Greek property prices are likely to continue to rise.

In addition, most Greeks own property. According to the European Mortgage Federation, 80% of Greeks hold property and are held in Europe. One of the countries with the highest housing rates, the average proportion of EU citizens holding property is 70%.