Causes and consequences of rising property prices in Greece

Based on the results of 2023, one can conclude: the residential real estate market in Greece is experiencing an unprecedented boom. The cheapest country in the European Union in terms of apartment and house prices has, in one year, caught up with the most expensive capitals – Paris, Oslo, Stockholm, Berlin, and London. What are the reasons for such dramatic changes, and how will it impact local residents and foreigners who have obtained a residence permit?

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