Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter

EconomyMacroeconomy Tags: BoG, Property

Apartment prices in Greece fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014, according to the Bank of Greece (BoG). Although at a slightly slower pace over the past four quarters, this is the twenty-first successive negative reading since Q1 2009.

In addition, apartment prices dropped by 1.5 percent quarter on quarter (QoQ) in Q1 2014, which corresponds to the twelfth consecutive negative QoQ reading.

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