Property prices in Greece down 11.6% year on year, latest bank figure show. Image Property prices in Greece fell by 11.6% on an annual basis according to figures covering the second quarter of 2013 from the Bank of Greece, with cities faring worse than rural areas.

Property prices in Greece are expected to keep falling in the coming years but this is making homes more affordable, according to the latest analysis of the Greek real estate market. Prices continued to fall in 2013 to reach a peak to current decline of 32.7% in the third quarter of last year, says the report from Fitch Ratings.

Greece Paros is among the most popular destinations in Greece when it comes to summer vacation. It is highly appreciated by the Greeks and other European visitors, for its traditional appearance and wild party scene.