Tag #Winter Holiday Homes

What are the primary factors driving the significant decline in Greek winter vacation home prices since 2008?

\"Greek winter vacation home prices have dropped by 55% since 2008, contrasting sharply with a 71% rise in other housing markets since 2017.\" This significant decrease is attributed to geopolitical uncertainty, lack of extended winters, high borrowing rates, and substantial construction/maintenance costs. The only exception is Arachova, which shows some interest despite a major price drop.