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.
Capital values grew on average by 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index in H1 2023.
Knight Frank reveals the Prime Global Cities Index.
Soaring mortgage interest rates are weighing on the demand
The average rate on the popular 30-year fixed mortgage hit 7.48%.
What does current owner, Mr. Fokas, noted in a farewell letter to the media.
The scheme, which includes 295 affordable homes, will become part of the mixed-use neighbourhood in Wood Wharf.