Greek, French and Spanish Property, Real Estate Market, House Prices

From Hellas Frappe

Is this an accurate assessment of the situation?

Caution advised.

Compare with the situation in Spain (use Google automatic translation).

Update: Ambrose Evans-Pritchard, writing in The Daily Telegraph Business Section on 30 April, 2013, on property price falls in the eurozone, cites Standard and Poor's warning that "Spanish house prices are to fall a further 13pc by the end of next year" and that falls in French house prices were "gaining momentum", with prices likely to fall 5pc this year and a further 5pc in 2014.

His January article

The view from Primeview (France)

"Les conclusions des trois études publiées en 2012 sur l’immobilier français étaient sans appel : tant pour des raisons conjoncturelles que structurelles, les prix baisseront d’au moins 30% par rapport à leur sommet durant les 5 à 10 ans à venir".