Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct

EconomyMacroeconomy Tags: ELSTAT, Property
By Panayotis Tzamaros/Fosphotos
By Panayotis Tzamaros/Fosphotos

The growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank of Greece (BoG) data released on Tuesday showed.

This is a slight slowdown from the peak of Q1 2023, when prices grew by 15.4 percent. The index stood at 95 in Q4 last year, from 93.1 in the previous quarter, and 85 points in Q4 2022. The index peak was in Q3 2008 when it was at 102.2 points.

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