Signs of Recovery in the Greek Housing Market

DBRS has today released a commentary on the Greek Housing Market. Signs of a recovery in housing markets in Greece are beginning to emerge. House prices finally showed a marginal increase in the first three quarters of 2018, after declining since 2008. The Greek economy also generated GDP growth in 2017 and is estimated to have done so in 2018. If the upward trend is sustained, DBRS expects this emerging housing recovery would strengthen the economy’s recovery.