#COST
Rising Construction Costs Add New Strain to Greece’s Housing Market
Data released by Greece’s statistical authority showed construction material prices for new residential buildings rose 4.1% in April from a year earlier, accelerating from the 3.3% increase recorded during the same period last year.
Market Volatility Pushes Greek Borrowing Costs Higher
Longer-dated bonds also came under pressure, underlining that the repricing was not limited to short-term maturities. The 15-year yield increased to 3.913% from 3.766%, while the 30-year yield rose to 4.402% from 4.323%.