The Bank of Greece has attached great importance to creating a primary data collection and analysis mechanism regarding the real estate market activity and, in particular, property prices, rents and quality characteristics.
The Bank aims to monitor systematically, substantiate and analyse any developments and prospects in the real estate market.
In this context, the Real Estate Market Analysis Section created Residential and Commercial Property Indices, using the detailed information collected from all credit institutions and Real Estate Investment Companies (REIC) operating in Greece.
These indices present specific advantages and quality characteristics and are expected to contribute to a more comprehensive appraisal of any developments and prospects in the Greek real estate market, thereby strengthening, above all, the market itself.
Some of the advantages are: official implementing body and application of modern methodology, timely and regular publication (press releases published on specific dates), quarterly and semi-annual periodicity of residential and commercial property price indices, respectively, as well as the country-wide capacity to provide considerable analysis (e.g. by geographical area, type of use, age).