The euro area, still reeling from last year’s sharp spike in gas prices caused by the war, is set to decelerate sharply.
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.
Compared with the first quarter of 2022, rents and house prices in the EU increased with a 2.9% rise in rents and a 0.8% increase in house prices.
The Construction Production Index in Greece was increased by 23% in 2022 compared to an increase of 6% in 2021.
Nominal prices of apartments in the first quarter of 2023 were increased compared to the corresponding quarter of 2022 by 14.5%.