World
Housing Costs in Greece on the Rise
Discover how housing costs in Greece are steadily increasing, impacting residents and the real estate market. Explore the reasons behind this trend and its implications for homeowners and renters alike.
The cost of housing and renting in Greece has surged by nearly 11% between 2022 and 2023, according to the latest data from real estate agency Global Property Guide. This sharp increase has pushed Greece to the forefront of Europe’s escalating housing crisis.
Despite the alarming statistics, the Greek government has pledged to introduce new measures aimed at tackling this issue by September. However, a notable challenge in addressing the crisis is the lack of official government data, further exacerbating the situation, as highlighted by a real estate expert in an interview with Euronews.
Watch the video above to gain deeper insights into the housing situation in Greece.