Greek House Prices Fell 12% in Third Quarter, Central Bank Says
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The decline in Greek house prices accelerated in the third quarter as demand for property weakened amid rising unemployment.
Prices fell 12 percent in the third quarter from a year earlier, including a drop of 12 percent in the capital Athens and 11 percent in Thessaloniki, Greece’s second-largest city, the Bank of Greece said today in an e-mailed report.