Greece Real Estate Report Q4 2013 - New Market Research Report
The Greek real estate sector remains weak: the development pipeline is glacial, demand-destruction is endemic and the growth outlook remains poor. Nevertheless, as 2013 draws to a close, conditions are not expected to worsen. Our core scenario is rents remaining stable over the full year. Should further economic distress emerge, such as a disorderly default, market contraction will be prolonged. The one area of upside is for the capital, Athens, where our in-country sources believe that there may be some...
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