Housing costs get too heavy

The lowest-income groups successful Greece spend implicit 60% of their monthly income nowadays connected covering their lodging needs, BluPeak Estate Analytics reports successful an analysis.

This is explained by the information that successful the play 2019-2025, according to the company’s data, rents nationwide accrued by 24% and merchantability prices by 30%. In contrast, the existent disposable income of households has accrued by conscionable 6%, owed to precocious prices and inflation.

Indeed, this important summation successful merchantability prices is expanding the unit connected households, arsenic the displacement toward renting increases. In this context, according to BluPeak, “the extended use of lodging for short-term rentals dramatically worsens the problem, particularly successful areas of precocious tourism activity, such arsenic Athens, where successful the 2nd 4th of 2025, the requested rents recorded a caller yearly summation of 7.2%, while 15,400 progressive listings of short-term rental accommodation are recorded, which sorb captious residential stock from the semipermanent rental market, disrupting the supply and terms balance.”

In different caller investigation by the company, it was pointed retired that astir 100,000 properties stay undeveloped today. Over 75,000 are idle properties owned by institutions and nationalist bodies, and different 25,000 residential properties are blocked by indebtedness absorption companies and banks.

In addition, there are hundreds of thousands of bare homes nationwide (approximately 250,000-300,000 successful Attica alone). At the aforesaid time, the institution besides records astir 6,500 pending inheritances, of which 4,500 stay unclaimed – i.e. without a ineligible owner.

In this context, the institution notes that “the existent situation requires contiguous and measurable interventions that are not constricted to temporary oregon piecemeal measures, but are based connected existent information and structural changes, such arsenic imposing a headdress connected short-term rentals successful areas where the ratio of accommodation to lodging exceeds 10%, with a simultaneous periodic reappraisal each six months successful bid to execute a gradual instrumentality of lodging to the semipermanent rental market.” This “could let for a gradual simplification successful rents by 2% to 5% implicit a year,” the institution says.