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Greek second home market sinking

21 April 09 - RE+D Magazine
Greek second home market sinking

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DATE BUYER SELLER
19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

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GAIAOSE S.A.

Agency - GREECE

NAI Hellas

Consultant - GREECE

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Demand for buying a second home in Greece has dropped by 50%-60% compared to 2008, while a similar drop has been recorded in demand for renting a summer home for the season. As far as renting is concerned, the vast majority of deals that have already been signed, concern a period of just one month, while in previous years, renting contracts were signed for four months to even a whole year.

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