According to estimates by Alpha Bank, the total number of sale transactions on Greece’s housing market was around 13,000. That’s a stunning fall from the 148,000 transactions completed during 2007. Since 2008, sales prices were hit just has hard, plummeting 40 percent.
The National Bank of Greece have its own assessment, claiming the actual number of homes that were bought and sold in 2015 was somewhere between 10,000 and 15,000. That’s an estimate that’s been backed up using indirect evidence by key market players. It’s believed that market prices could fall even further as owners with other financial obligations are forced to sell their homes.
