Society

The right to housing in Greece tends to become a joke as housing prices soar at rates out of proportion to wages. While the problem of access to housing is intensifying on a pan-European level, it is now also on the agenda of politicians, who until recently underestimated it. As part of the housing policy, the government will announce at the Thessaloniki International Forum "My House 2", which will...

Property prices in these areas may be cheaper, but locals can't buy As the region with the lowest housing prices on the continent, Southeast Europe emerges, according to a recent Deloitte report. However, despite the affordability of these homes compared to the rest of Europe, it is still a financial challenge for many local citizens to buy their own home. Of all the countries assessed in the report,...

Incentives for the reconstruction and utilisation of properties are requested by executives of the real estate market The thousands of "orphan" properties in Greece, which, according to the latest estimates, amount to 770,000, are recording a significant increase in the last decade and are characterised as a ticking bomb that is ready to explode. In fact, information from the tax authorities indicates...

How much is the Greek market at risk as a whole from the trend in real estate? An alarm has sounded in the real estate market about the possibility of a "bubble" in real estate. As prices continue to increase, at the first quarter of the year home sale prices compete at double the rate of growth. The properties The figures are revealing, according to which the sales prices of newly built apartments...

Five hundred thousand euros ($530,000) for a residence permit in a Schengen zone EU country: That's the deal the Portuguese government has been offering rich foreigners since 2012. About 12,000 investors have taken advantage of it to date, effectively purchasing an entry ticket to the European Union for themselves and their families. Now Portugal is calling time on its golden visa program, partly in...

The rate of home ownership in the country has shown a significant decline in recent years. In particular, during the period between 2005 and 2021, the percentage of home ownership in Greece fell from 84.6% to 73.3%, losing 11.3%, according to Eurostat data. The housing stock in Greece, according to Eurostat, for the year 2019 was 3,949,900 residences – houses. According to the official data of Eurostat...

Like many young Greeks, Christina Pappa had to look for a cheaper apartment in an Athens suburb after her rent went up and was relieved to find one through acquaintances. With a rent of 200 euros per month, she is lucky, the publisher notes. While Greece's economy is growing at nearly twice the rate of the euro zone this year, thanks to a strong recovery in tourism, young people are increasingly being...