Greek real estate market: No sign of a slowdown

Greek real estate moves into catch-up mode

By Dimitris Kontogiannis

THE GREEK REAL estate market is likely to remain buoyant in the medium term. It is expected to benefit from a rise in disposable income, low real interest rates, demographics and a change in household housing preferences, according to bankers and other business executives.

“We are very positive about the prospects of the Greek real estate market, especially the residential market,” says Michael Masourakis, head of economic research at Alpha Bank.