Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further

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

The growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed.

There has been a gradual slowdown from the peak in Q1 2023, when prices grew by 15.6 percent. The index stood at 99.7 points in Q2, at 91.3 in Q2 last year, and 95.5 points in Q4 2023. The index peak was in Q3 2008 when it was at 102.2 points.

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