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Thessaloniki: Prime property prices drop by 5%-10%

17 June 09 - RE+D Magazine
Thessaloniki: Prime property prices drop by 5%-10%

COMPANIES

GAIAOSE S.A.

Agency - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

PEOPLE

Property prices on prime locations in Thessaloniki -Tsimiski, Mitropoleos and Aristotelous Street- have dropped by an estimated 5%-10%, while in other locations prices have dropped by over 15% in some cases. Office vacancies in the second largest Greek city are estimated at 25,000 sq, while housing vacancies at 25,000 -35, 000.

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