Drop in apartment prices continues with slower decline of 1.2 pct in Q2

EconomyMacroeconomy Tags: BoG, Property
By Natasha Pantazopoulou

The nominal value of apartments in Greece fell at a slower pace of 1.2 percent year-on-year (YoY) in the second quarter (Q2) of 2017, following a downwards revised drop of 1.7 percent in Q1 2017, Bank of Greece (BoG) data showed on Thursday.

Compared to the previous quarter, apartment prices contracted by 0.17 percent in Q2 following a 0.5 percent quarter-on-quarter fall in Q1 2017.

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