Sunday, March 20, 2011

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 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.

    Eight 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.

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











source: ANA-MPA