The real estate market is often a weathervane of a country's economy, that Spain, Greece also.
Tourist attraction not far from Athens Aegina (Aegina), 20 million euros will be able to buy a pretty good set of villas. "Listen to the locals so introduced, we have a little heart.
Associated with the sovereign debt crisis deepen further, prices in Greece has shrunk dramatically."The Greek economy is full of uncertainty, and no one dares to buy a house in Greece!" Mary, locals say whether Greece will remain in the euro zone are still unknown, if Greece back to the era of old currency drachmaGreek asset prices is bound to be a drastic devaluation.
The data show that in 1999-2006, due to rapid economic growth, population growth and migration influx, during which Greek house prices experienced unilateral bull market, prices doubled to more than central Athens soared 150%.Invasion of the financial crisis in 2007, prices in Greece have begun a large diving.
Lan Xiao Cheng,the Greece Athens Silk Road International Travel Agency general manager, said, "In Athens, the average price level per square meter is 2000-2500 euros, the best prices is around € 3,500.And the peak level has dropped significantly in 2007, when Athens house price per square meter up to 5000-6000 euros, a lot of people buy a house loan, loans as high as 70%."
Individuals in Greece to buy your first house, less than one hundred square meters can be tax-free.Over part or buy housing units, they have received about 13% of the tax.In addition, Greece is also promoting the protection of housing construction, the annual income of less than one million euros, the age of people over the age of 35, can apply for the purchase of the security room.
To Athens prices compared with the peak in 2007 when the price is close to half of the amount, but Lan Xiao Cheng said, "the Greek real estate market is still not popular, very small market turnover shrinking."
We ask Mary, Athens prices lower than in 2007 so much, the loan interest rate is so low, why do not people buy?
She said, prices now are cheaper, but the Greeks wages are down a lot.Now, the average wage is about € 1,300 a month.And the job market is not good, a lot of corporate layoffs, many young people can not find work.In addition, interest rates although low in order to control the risk, but banks are very strict examination and approval, is not easy to find a loan.In this case, few people would choose to buy a house.
Lan said “ Prices in Greece, especially on the island of prestigious real estate projects, but also really attracted a lot of investors.This includes many investors in China.In the past few months, the average monthly should Reception 23 call child domestic friends view houses."
But among the people, almost no people determined to buy.There are two main reasons, the first is the uncertainty of whether Greece will exit the euro area.If you do not withdraw, the current price may be quite appropriate.But if Greece out of the euro start the old currency, drachma, the currency will be significantly devalued, will also be a drag on domestic asset prices has shrunk.Greek law does not sound worried that people in countries outside the EU, the future re-sale to buy a house in Greece will be subject to many limitations.