Greece is expanding its rent rebate scheme, raising income thresholds to cover more tenants and extending support to thousands of middle-income households.
Bank of Greece Governor Yannis Stournaras says limited access to affordable housing is delaying family formation, adding pressure to the country's shrinking and aging population.
New data highlights extreme rental costs across Greece, where even small apartments consume most of an average household income, raising deep social concerns about affordability and access to housing
Europe needs 10 million net-zero homes and buildings by 2040. New research outlines four paths that could make it happen
Speaking ahead of a Eurogroup meeting, the Greek finance minister called for greater coordination among EU member states on housing policy while highlighting economic resilience amid energy and geopolitical pressures
Strong demand and rising prices position Greece among Europe’s top-performing short-term rental markets despite spring slowdown and geopolitical uncertainty
In Greece, official data show nearly 794,000 homes standing empty, despite tax incentives introduced to encourage owners to return properties to the long-term rental market.
Nearly one in three residents spends over 40% of income on housing, as rents surge faster than wages and affordability continues to deteriorate across major cities and tourist hotspots
Rents in Greece are now consuming more than two-thirds of average salaries, making independent living very difficult for many.
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
Apartment buildings have fewer rowdy tourists now, but rents keep rising
The European Commission itself now openly refers to Greece’s “housing affordability crisis” in its latest European Semester report.
The paralysis has left many people in houses that are too small, in jobs they don’t love or shackled with ‘golden handcuffs.’ For everyone, there are economic consequences.