The plunge was up to 40% in Airbnb listed properties in 2021 according to AirDNA.

Occupancy rates hit 85%.

According to Credit Suisse'Global Wealth report Greece has recorded a drop in wealth inequality that mainly reflects the long-drawn-out crisis of the Greek economy.

Two main counterbalancing forces are currently affecting property asking prices.

Asia and the Pacific's economy has grown at a robust pace in recent years before pandemic hit.

In regional markets such as Evosmos, Kalamaria and Pylaia the yields range from 6.5-7%.

More competition and a greater use of online channels across the entire market will inevitably see challenges intensify.

Findings of a recent McKinsey survey

A pan-European survey on whether property owners want and can renovate their home was conducted by the International Union of Property Owners (UIPI) of which the Hellenic Property Federation (HPF) is a member.