Greece’s housing crisis has become one of the most complex and
Greece’s housing crisis has become one of the most complex and persistent challenges facing the country’s economy, placing sustained pressure on households despite the gradual easing of inflation.
While price growth has slowed, rents in particular and housing costs in general remain stubbornly high, eroding disposable incomes and making both renting and homeownership increasingly difficult. For middle-income households, housing has emerged as a primary source of financial strain, a reality now reflected in opinion polls that rank it among Greece’s most pressing social issues.
Against this backdrop, the government is preparing to announce a significant shift in housing policy. At a Cabinet meeting earlier today, Minister of Economy and Finance Kyriakos Pierrakakis and Minister of Social Cohesion and Family Affairs Domna Michailidou presented a new package of legislative initiatives aimed squarely at the supply side of the housing market.
From demand subsidies to boosting supply
The new approach marks a clear departure from policies focused on subsidizing demand. Instead, the government is prioritizing measures designed to increase the supply of housing, particularly homes available for long-term rental.
At the center of the plan is a new framework of incentives for construction companies and private investors to build or convert properties
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