You are here

Prices dive in Greek housing market

Study says 75% of mortgage payments are in arrears
Thursday, November 7, 2013 - 06:00

BT_20131107_TUMBLE7_827217.jpg
Property woes: The residential market is moribund with few buyers and banks are plagued with rising bad loans. - PHOTO: AFP

[ATHENS] Costas, a two-decade real estate construction veteran, has never seen the sector so vital to Greece's economy in such a sorry state. "Construction is dead, the crisis has destroyed everything," bemoaned the 50-year-old, who declined to give his last name. Greece's six-year recession and

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom