Charts of the week
Property market
Property prices in Greece recorded another quarter of solid growth, rising by 13.9 pct year-on-year (YoY). This was a slight slowdown from the 15 pct of the previous quarter. The index stood at 90.6 points, from 79.5 points in Q2 2022. The index peak was at 102.2 points in Q3 2008. Old apartments - those over five years old - saw their prices increase by 14.1 pct YoY. New properties saw price increases of 13.8 pct YoY. Prices in Athens and Thessaloniki recorded YoY price increases of 14.1 pct and 16.4 pct, respectively.
Unemployment
Greece’s non-seasonally adjusted quarterly unemployment rate moved only marginally in Q2, dropping to 11.2 pct from 11.8 pct in the previous quarter. The jobless rate in the second quarter of 2022 was 12.4 pct. There were 533,341 registered unemployed in Q2, decreasing by 3.1 pct from the previous quarter and a sharp decline by 9.9 pct compared to Q2 2022. The number of people employed amounted to 4.24 million in Q2, increasing by 3.4 pct compared to the previous quarter and rising by 1.7 pct from the same quarter of 2022.
