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Mayor of Athens Announces Strategy to Address Housing Crisis

Mayor of Athens Announces Strategy to Address Housing Crisis

Hellenic Shipping News

Public-supported housing may soon be coming to Athens. Athens Mayor Haris

Public-supported housing may soon be coming to Athens. Athens Mayor Haris Doukas outlined a series of municipal interventions aimed at tackling the housing crisis during a public event co-hosted with the University of Athens.

According to the mayor, the Municipality of Athens is currently developing three major housing initiatives. The first involves the creation of seven social apartments in the center of the capital, intended to house economically vulnerable families. These units, housed in a municipally-owned building near Omonia, are being renovated through a public-private partnership and will be offered at low rents.

In addition, the mayor stated that two broader housing programs are underway in collaboration with relevant ministries and funded by European resources. One program will subsidize rent for 257 private residences for young people aged 25 to 39 who receive the minimum wage. The second will support the renovation of 70 homes to accommodate vulnerable households.

Citing data, the mayor said that one in three residents of central Athens spends 40% of their income on rent—double the European average. Over the past seven years, he noted, residential rents have increased by 90%, largely due to overtourism, which has driven many properties out of long-term residential use and

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