Analysis

The Overall Turnover Index in Industry in July 2023, compared with June 2023, recorded an increase of 6.2%.

For August, property investment fell for the 18th straight month, down 19.1% year-on-year from a 17.8% slump the previous month.
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Viewings have increased in the first half of 2023 vs the same period last year, partly linked to the increased number of leads according to Sotheby’s International Realty.

The Overall CPI remained unchanged in August 2023, compared with the corresponding index in July 2023.

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.