BUSINESS

Mixed picture for commercial properties in H1

NIKOS ROUSSANOGLOU

TAGS: Property

Greece’s commercial properties market presented a mixed picture in the first half of the year.

According to data released by the Bank of Greece on Wednesday, sale prices of office spaces and store rental rates posted declines, while office rental rates and store sale prices climbed.

High-standard office spaces in particular saw their sale prices decline, by 0.7 percent from the second half of last year, with the biggest decline (1.1 percent) seen in Athens, while store sale rates increased 0.5 percent from the July-December 2016 period.

Store rental rates fell 1.5 percent, but office rental rates edged 0.1 percent higher.

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