This article concerns itself primarily with the most probable changes in real estate prices in the Athenian basin. The results are drawn from a market survey encompassing about 2000 successful real estate transactions (Triad Real Estate Group, Athens) and follow a Medium Gaussian Price Risk Probability pattern.
Even though each real estate negotiation between buyer and seller (through a real estate broker or middleman) which resulted in successful or unsuccessful transaction was considered as starting from ground zero (On Negotiating, McCormack: Dove books, 1995) a pattern nevertheless emerged showing in many cases a significant price reduction from the originally listed retail price.
Private Ownership Prices
Prices of apartments and residences that are 15 years or older are expected to decline by 25 to 30 percent from current 2010 retail list prices.
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