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  1. Court ruling on property tax levels could hurt future revenues
    en_GB Photo by Harry van Versendaal

    EconomyMacroeconomy

    . However, latest Bank of Greece figures show that apartment prices have fallen by 37.4 percent since... nosedived by more than 50 percent in certain areas over the past few years. This clearly suggests

    17%

  2. Building activity down again in September but at slower rate of -11.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    the Bank of Greece (BoG) in November showed that apartment prices, which are indirectly related... over the past 2.5 years. In addition, mortgage balances have dropped by 13 percent over the last four

    17%

  3. Drop in building permits accelerates to 7.1 pct in Jan

    EconomyMacroeconomy

    for the building activity sector remains gloomy. Apartment prices, which are indirectly linked to building... of last month recorded a sharp drop by almost 8 points to -40, which is the lowest reading over the past

    17%

  4. Building activity up by 6.2 pct in April for third straight rise
    Photo by MacroPolis

    EconomyMacroeconomy

    the past twelve months. The breakdown by region in April displayed a substantial increase in North... six years ago. Building activity is indirectly to apartment prices, which fell by 7.5 percent

    17%

  5. Building activity down by 3.5 pct in Sept for third straight fall

    EconomyMacroeconomy

    permits shrank to a low of 13,383 in 2014 from a peak of 65,474 in 2008. At the same time, apartment... bringing the cumulative nosedive to 41.2 percent over the past seven years. The outlook remains

    17%

  6. Drop in building activity accelerates to 11.3 pct in Oct

    EconomyMacroeconomy

    of 65,474 in 2008. Apartment prices dropped in the third quarter (Q3) of 2015 by 6.1 percent for their 26th consecutive fall, resulting in a cumulative nosedive of 41.2 percent over the past seven years

    17%

  7. Building activity rebounds 7.2 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    of building permits tumbled to 13,383 in 2014 from a peak of 65,474 in 2008. Apartment prices fell... to -37.9 in January, which is the highest reading over the past twelve months.

    17%

  8. Building activity falls by 11.5 pct in March for third straight decline
    Photo by MacroPolis

    EconomyMacroeconomy

    respectively. Figures for building permits have been negative over the past seven years. In 2015, 13,257.... Meanwhile, apartment prices have decreased by 41.6 percent over this period. Official estimates point

    17%

  9. Building activity plummets 31.5 pct in May

    EconomyMacroeconomy

    to a nosedive of more than 86 percent from the peak of 95,730 in 2005. In addition, apartment prices... to -55.6 in July, which is the lowest reading over the past 12 months.

    17%

  10. Asking Greece to stack more austerity measures ignores past failings
    Photo by Harry van Versendaal

    Agora

    At the Eurogroup that took place in Amsterdam last week, Greece’s lenders decided to “stack” more measures just as the director of the International Monetary Fund’s European department Poul Thomsen appears to have predicted in the leaked teleconference ...

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