Facing persistently high rents, the Greek government is rolling out supply-side measures, including incentives for long-term rentals, public-private social housing projects and large-scale home renovations

Under the scheme, beneficiaries will be eligible for subsidies covering up to 90% of renovation costs, with support of up to 30,000 euros in total, or 300 euros per square meter.

Owners who lease properties previously closed or converted from short-term leases to long-term leases by December 31, 2026, will be fully exempt from taxes on the income they earn, and for three years

Banks warn that nearly €800 million may go unspent as two flagship housing programs -one for first-time buyers and another for home renovations- struggle with supply shortages and weak uptake

First, a large-scale home renovation program is being launched, offering subsidies of up to 90% of renovation costs. Financial support can reach 36,000 euros per property, with the goal of bringing old and vacant homes back onto the market.

Rising rents and property prices have worsened Europe’s housing crisis, prompting the European Commission to propose new rules on short-term rentals and tenant protections by December

Athens is a vast construction site. A dense forest in the hunting season, fertile ground for what the academics call the “financialization of housing”

UBS’s 2025 Bubble Index shows risks easing overall, but affordability in Europe remains stretched, with Madrid’s prices surging and London, Paris, and Milan still costly

The European Commission itself now openly refers to Greece’s “housing affordability crisis” in its latest European Semester report.

A new bill aims to activate underused public land to build thousands of low-cost homes for young people and vulnerable groups

The report indicates that this increased demand from overseas buyers has driven up real estate prices in urban centers, with Athens, Thessaloniki, and Mykonos seeing some of the sharpest rises.

In total, credit institutions are expected to contribute 100 million euros to the entity.

The ministerial cabinet meeting will be held on Wednesday at 11:00 at the Maximos Mansion.

Amid the housing crisis, Greece is weighing the bold move to push property owners to make vacant homes available for rent or sale.

Almost 1 in 3 Greeks spend 40 % of their disposable income on housing needs, according to Eurostat data,

Among renters, nearly 40% are spending more than 30% of their income on housing, with 16.9% allocating up to half of their earnings to rent alone-- that's one in six Greeks that spend half their income on rent.

Greeks own nearly 5.5 million cars and more than 3 million households have a primary or holiday home, according to OT.

“These policies that are developed are aspirin, hansaplast for an illness which is more serious than that.”