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ECONOMY
-The majority of Greeks (58%) believe their standard of living will deteriorate next year, 33% expect no change, 7% anticipate improvement, and 2% did not respond, the Autumn Eurobarometer reveals.
Roughly one in two consumers in Greece has already purchased an item from a retailer specializing in second-hand goods, mostly clothing, a recent market survey by Focus Bari/YouGov showed.
REAL ESTATE
-Winter holiday homes located in mountainous areas, preferably near ski resorts, are selling for less than half the prices that they commanded in pre-crisis 2008, Kathimerini reported citing real estate professionals. Arachova is the least affected, but that is relative: the average selling price is €1,594/sq.m. from €3,000 in 2008.
– The Greek real estate sector attracted €1.64 bln in Foreign Direct Investment in 2023, the Bank of Greece’s interim report on monetary policy revealed. Very high-income buyers of properties in Greece grew by 20% in 2023, with around 1,200 individuals comprising this category, according to a report by Berkshire Hathaway HomeServices. The Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain.
