Property prices in Greece rise by 7.7% in Q2 2019

The recovery in Greece's housing market gained speed in the second quarter with prices increasing at the strongest pace in more than 12 years, helped by an expanding economy and growing foreign interest, central bank data showed on Monday. Property accounts for a large chunk of household wealth in Greece, where the home ownership rate is 80%, above the EU average of 70%. Apartment prices rose 7.7% in the second quarter compared with the same period a year earlier, Bank of Greece data showed, accelerating from a 1.3% increase in the first quarter of 2018.