Home market among the worst-performing in EU


TAGS: Property, Economy

The Greek housing market had the second-worst performance among European Union member states in the April-June quarter, with cities showing a 2.9 percent annual decline in prices, according to Bank of Greece data presented by Eurostat on Wednesday.

The only two other countries to show a decline in the same period were Cyprus (-9 percent) and Italy (-1.4 percent).

Across the bloc, the average growth rate came to 4 percent.

Meanwhile, the Hellenic Statistical Authority announced on Wednesday that the number of building permits issued in July came to 1,392, showing an increase of 35.4 percent from the same month last year.