Apartment prices rise 7.9 pct in Q3, continuing upward trend

EconomyMacroeconomy Tags: BoG, Property
Image by MacroPolis
Image by MacroPolis

The rise in the nominal value of apartments in Greece accelerated to 7.9 percent year-on-year (YoY) in the third quarter, from an upwards revised 6.2 pct in the second quarter, Bank of Greece (BoG) data released on Tuesday showed.

The annual 7.9 rise is the second highest since the 8.2 pct noted in the third quarter of 2019, just months before the pandemic broke. The property market is up by 8.3 percent up to September this year.

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