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Prices dive in Greek housing market

Study says 75% of mortgage payments are in arrears

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...

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