The Greek housing market remained bottom in the eurozone during the last quarter of the year, as Bank of Greece data published by Eurostat showed an average price decline amounting to 5.8 per cent year-on-year.

Newly built apartments (up to five years old) saw rates fall 5.4 per cent while the prices of older ones decreased 6.1 per cent.

For the whole of 2014 the annual decline came to 6.6 percent for new residences and 10.9 per cent for older properties, the BoG data showed, while Eurostat recorded a trend of growth elsewhere in the eurozone.

Source: Kathimerini