Analysis

The Greek residential real estate market had a buoyant start in 2023, with house prices rising by a robust 14.5% y-o-y in Q12023.

Ηomeowners already paying a lower interest rate may be reluctant to move and refinance at a higher rate.

The euro area, still reeling from last year’s sharp spike in gas prices caused by the war, is set to decelerate sharply.
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According to Savills total investment volume for the second quarter of the year will be around €33bn, will represent a 57% drop compared to the same period last year.

Compared with June of last year, sales were 18.9% lower. That is the slowest sales pace for June since 2009.