Rents in Attica have skyrocketed by up to 100% over the past eight years, pushing both low-income and middle-class households to the brink. Despite government efforts to regulate the market, demand continues to surge while wages fail to keep pace. With a severe housing shortage and thousands of vacant properties remaining off-market, Greece now holds the highest rental difficulty rate in the EU. As living costs soar, the crisis threatens to spiral further, increasing pressure on policymakers to take urgent action.
Tag: rent prices
House prices in the EU rose by 3.8% and rents by 3.2% in the third quarter of 2024 compared to 2023, with Greece standing out as the only country where rents decreased (-16%). Eurostat data highlights significant disparities, including house prices tripling in Hungary and Estonia since 2010, while Italy saw a decline.
The boom of Airbnb in Athens has transformed the city’s central neighborhoods into thriving tourist hotspots, driving up rent prices and displacing local residents. While tourism fuels economic growth, it also creates challenges for the city’s infrastructure and social fabric, prompting debates over sustainable management and regulation.
Falling tourist numbers, increasing accommodation options, competition from other premium destinations in the Mediterranean, and…
Despite rising house prices and rents across the EU in Q1 2024, Greece saw a unique 19% drop in rent prices since 2010. This contrasts with the EU trend of increasing house prices and rents, highlighting varied economic conditions.
It seems that the “dream” of many young Greeks aged 18-34 to leave their parental…
A substitute teacher learned just four days ago that she was assigned to a primary…