Despite slowdown, property prices jump by 11.9 pct YoY in Q3

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

The growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed.

This is a slight slowdown from the peak of Q1 2023, when prices grew by 15.3 percent. The index stood at 92.9 in Q3, from 91 in the previous quarter, and 83 points in Q3 2022. The index peak was in Q3 2008 when it was at 102.2 points.

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