According to a study real estate companies in the first half of 2011 property prices in some affluent areas of Athens fell by 20%.
On average, compared to 2010, prices for real estate in Athens and Thessaloniki have decreased by 15%.
Causes a sudden drop in prices are the lowest purchasing power caused by the general economic downturn in the country, new real estate taxes, as well as difficulties in obtaining mortgages in the Greek banks.
On average, compared to 2010, prices for real estate in Athens and Thessaloniki have decreased by 15%.
Causes a sudden drop in prices are the lowest purchasing power caused by the general economic downturn in the country, new real estate taxes, as well as difficulties in obtaining mortgages in the Greek banks.
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