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Athens Macedonian News Agency: News in English, 14-06-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greece records second biggest decline in real estate prices in Q4‏

  • [01] Greece records second biggest decline in real estate prices in Q4‏

    ANA/MPA---Greece recorded the second biggest decline in real estate prices in the world in the fourth quarter of 2013, the International Monetary Fund said on Thursday.

    The IMF, in a report, said that the biggest decline in the world was recorded in India (-9.1 pct), followed by Greece (-7.02 pct), Italy (-6.54 pct), Cyprus (-6.48 pct) and Croatia (-6.35 pct).

    On the other hand, the Philippines (10.56 pct), Hong Kong (10.25 pct), New Zealand (9.1 pct), China (9.1 pct) and Colombia (8.1 pct) recorded the biggest price increases in the fourth quarter of 2013.

    The report said that house prices diverged by 16.3 pct compared with rental prices in Greece and compared with the historic average rate.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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