Greek real estate objects began to fall in price. If we compare with the year 2007, the fall was tangible 26.3 percent. Such information is received from the Central Bank of Greece. During the construction of any real estate, basalt thermal insulation can be used the price of which is quite acceptable. Such thermal insulation from special fiber is made. It retains all its properties even in an acidic environment. In this case, this fiber does not emit toxins. Duhlit fiber does not form the dust in the air, it is characterized by a reduced degree of combustibility, it can be easily introduced into dry concrete mixtures. Such fiber has an increased ability to absorb sound. Moreover, it can be successfully used in the process of creating thermal insulation for external walls, partitions, as well as roofs and ceilings.
Representatives of the Greek Central Bank inform that at the end of 2012, real estate objects lost 13.2 percent, when compared with the same period of the year before last.
New apartments, of course, are not losing price not as fast as, for example, apartments in houses built more than five years ago. In the Greek capital, the cost of the apartment decreased last year by almost twelve percent against seven in 2011. During the period of the crisis of the apartment in the Greek capital, they began to cost 27.4 percent cheaper. Together with the drop in prices, the level of sale of apartments began to decline. The Central Bank calculated that last year 28.2 thousand real estate objects were sold, which is almost 35 percent less than the year before last.
Greece has been trying to finance its own obligations for a long time through EU and IMF loans. Real estate objects began to lose strongly in price due to an increase in the cost of its content.