Hellenic Statistical Authority

Homeownership in Greece declined 11.3% in 2005-21

A new economic reality has emerged in the Greek housing market amid the prolonged financial crisis, with a notable portion of the nation's residential inventory now under the ownership of institutional or foreign investors. This trend is underscored by statistical data, revealing an 11.3% decline in homeownership rates from 2005 to 2021.

Industrial turnover index shows 3.2% increase in January

The Overall Turnover Index in Industry rose 3.2% in January 2024 compared with the corresponding index of January 2023, according to the Hellenic Statistical Authority (ELSTAT).

The Overall Turnover Index in Industry in January 2023 increased by 19.8% compared with the corresponding index in January 2022, ELSTAT said on Wednesday. 

Accommodation revenues rise almost 12% in January

Turnover in Greece's businesses that provide accommodation showed an 11.9% growth year-on-year in January, amounting to 94,097,348 euros, compared to €84,061,799 in January 2023, according to the Hellenic Statistical Authority.

This is likely the effect of the expansion of the Greek tourism season, as the country aspires to become a 12-month destination.

Jobless rate at 10.5% last quarter

The unemployment rate in Greece dropped to 10.5% in the fourth quarter of 2023, down from 10.8% in the third quarter of the same year and 11.9% in the fourth quarter of 2022, according to the results of the Labor Force Survey for the fourth quarter of 2023, announced by the Hellenic Statistical Authority (ELSTAT) on Thursday.

Spending on food and housing

The distribution of family budgets has been forced to revert to how it was some 30 years ago, due to inflation on the one hand and the internal devaluation of the previous decade on the other, excessively raising the percentage of food and housing expenses in total household spending.

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