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Thu, May

One in Six Greeks Spend Half Their Income on Rent

One in Six Greeks Spend Half Their Income on Rent

Hellenic Shipping News

The second part of a nationwide opinion poll on Greece’s housing

The second part of a nationwide opinion poll on Greece’s housing crisis, unveiled on Action 24’s Morning Zone, paints a stark picture of rising financial pressure, public discontent, and demand for stronger state intervention in the housing market.

According to the survey, 76.6% of respondents live in privately owned homes, while 22.8% rent. 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.

Respondents cite the surge in short-term rentals like Airbnb (44.1%), unaffordable loans and high interest rates (39.6%), and a limited housing supply (26.6%) as the primary drivers of rent hikes. Additional concerns include escalating construction costs and a failure to utilize vacant properties.

Beyond finances, the crisis is impacting broader social dynamics. Citizens report increased economic stress (29.3%), barriers for young couples (27.5%), and delays in young people leaving the family home.

Government programs such as “My Home 2” and “I Renovate – I Rent” received a lukewarm response: 30.8% see them as positive but insufficient, 24.5% call for bolder measures like social housing and rent subsidies, and 21.2% find

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