Crisis undermines Athens' real estate investment outlook

Athens ranked 26th among 27 European cities in the list of investment interest for real estate, a report by Pricewater-houseCoopers said on Friday.

The report, based on 600 real estate professionals, ranked Istanbul at the top and Dublin at the bottom of the list. The report said that low rankings for Athens and Dublin reflected professional investors’ worries over fiscal problems facing Greece and Ireland, while Istanbul’s top position reflected a rapid growth rate in Turkey. London and Munich followed Istanbul in second and third place, while Frankfurt, Berlin and Hamburg were also included in the top 12 European cities.

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