Economic history of Ireland

The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year.

The first signs that the Greek property boom may have peaked have started to emerge, mainly in areas where rates have soared over the last 18 months.

For now property ad website Spitogatos is reporting a slowdown in price growth, but property market professionals say it is likely the pace of price expansion will gradually stabilize, depending on conditions.