Housing market continues to slide

The Greek housing market remained bottom in the eurozone during the last quarter of the year, as Bank of Greece data published by Eurostat on Wednesday showed an average price decline amounting to 5.8 percent year-on-year.

Newly built apartments (up to five years old) saw rates fall 5.4 percent while the prices of older ones decreased 6.1 percent.

For the whole of 2014 the annual decline came to 6.6 percent for new residences and 10.9 percent for older properties, the BoG data showed, while Eurostat recorded a trend of growth elsewhere in the eurozone.

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