When will the worst be over for Greece's housing market?




As the coronavirus plunges the Greek economy deep into recession, the real estate market is bracing for some tough times. The recovery of the residential housing market seen in recent years has come abruptly to an end as the sector's resilience is being severely tested. The lockdown, which Greece is gradually emerging from, has cast an enormous amount of uncertainty on the sector and the broader economy. Real estate is a business that is closely linked to a country's macroeconomics and this is not good in Greece's case.