Dim outlook for property

Most Greeks are not planning a house purchase within the next two years and are concerned that they may be unable to meet rent and mortgage payments, according to a survey carried out by the Athens Economic University. The findings of the survey were unveiled on Sunday by Prof. Epaminondas Panas during a seminar held at the "Property by Helexpo" trade fair.

8 in 10 people replying to the survey, which was carried out in October-November 2010 in Attica, said that they were unlikely to buy a house in the next two years. Only 2.2 percent said that they definitely intended to buy a home in the same period.

7 in 10 said that the economic crisis in the country had increased their anxiety that they might lose their jobs and more than half felt more anxious about property-related payments, such as rent or mortgages.
 
ANA-MPE