PROPERTY MARKET – GREECE
August 11th, 2008 — 12:22pm
According to the Greek press, Bulgarians, Russians and Ukrainians buy property on Halkidiki in Northern Greece in great numbers, despite the slump of the property market in Greece. The construction has not slowed down. Currently there are 20 000 new apartments on the market. The prices of new properties on Halkidiki are similar to those in expensive parts of Salonika. Houses by the sea sell for 2500-3000 Euros per square metre, while those inside the peninsula sell between 750 and 1000 Euros.