ECONOMY

Mixed picture in professional property rates

mixed-picture-in-professional-property-rates

The commercial properties market painted a mixed picture in the first half of the year, according to data released on Thursday by the Bank of Greece.

The sale prices of high-standard office spaces posted a marginal 0.2 percent decline from the second half of 2014, after the 3.4 percent annual decline recorded last year.

Rental rates for office spaces posted a 0.5 percent increase in H1 from the July-December 2014 period, compared with a 5.9 percent drop a year earlier.

Store rental rates, on the other hand, recorded a 1.8 percent decline across the country, the data showed.