Theodoros Mitrakos

Theodoros Mitrakos is a prominent figure in the Greek banking sector, known for his role as the managing director and former deputy governor of the Bank of Greece. In a recent conference focused on the real estate market in Northern Greece, he highlighted the significant decline in housing loan agreements since the economic crisis, noting that only 14,000 contracts are signed annually compared to 80,000 before the crisis. Mitrakos emphasized the challenges faced by young buyers in the current housing market, including high prices and strict loan criteria, while also discussing the ongoing demand for new housing developments amid a shortage in supply.