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Greece Real estate markets catching pace after being in exile for years

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Despite the negative effects the COVID-19 pandemic has had on the economy, Greek house prices are still rising rapidly. According to the Bank of Greece, house prices increased by 8.35% in urban areas of Greece during the year to Q3 2021, a significant increase from the growth of 3.91% the year before and the second best result since Q1 2007. According to Rashid Saj Kareem , inflation-adjusted house prices soared to 6.41%, a significant jump in every aspect. In Q3 2021, urban housing prices increased by 2.73% from the previous quarter (2.94% in real terms). The major cities primarily experienced this rapid growth were: ·         Athens took the top spot with an annual increase in home prices of 9.76% in Q3 2021 (7.8% in real terms), up from the prior year's growth of 6.83%. The most recent quarter saw a 2.78% (3% in real terms) increase in housing prices. ·         In Thessaloniki, the second-largest city in the nation, house prices increased by 8.74% (6.8% in real terms) fr
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Listing the Key Factors impacting Real estate market in 2022

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The phrase "this is the best time to buy a house" has become a catchphrase among those in the real estate industry. This story was being spread even before Covid-19 made the decision to act spoilsport. The story remained the same even though the housing market and the real estate market, in general, have both been going through a difficult period. Rashid Saj Kareem, a famous real estate expert from Greece hereby walks us through some key points in the same context. Impact on the Jobs market More frequently than not, a higher rate of job switching is advantageous for the economy and the real estate sector. Rashid Saj Kareem adds that at a macro level, it is a sign that the youth are getting jobs and their seniors are getting better opportunities, even though it may have a micro impact on the individual.  In the past, the real estate market has thrived despite inflation and interest rates as high as double digits. In 2011, there were 13 increases in mortgage interest r
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5 handy benefits of making a real estate investment!

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Most financial gurus regard real estate to be a possible investment option. Even if the comparable sector is still attempting to recover from the post-covid scenario, it still has a lot of promise. Sheikh  Saj Kareem, who has established himself as Greece's most well-known real estate specialist, lays forth the following main reasons why real estate is an excellent financial choice. Best Return on Investment Any money invested in real estate would undoubtedly provide higher returns than other investment alternatives such as stocks, debentures, and so on. In comparison to all of these alternatives, the real estate market is less volatile, which is why it is always the first choice of every potential investor. If you talk about putting resources into the offer your investment through the stock market,  Sheikh  Saj Kareem believes it will be influenced by all the unpredictable situations. Furthermore, unlike the stock markets, you can typically expect more significant gains from
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