Accuracy in housing / Jump up to 50% in 12 months in apartments going on short-term leases

The cost of housing is strangling Greek households in Athens with extremely worsening tension, as rent and arrears data presented by the Open in his related report. The problem is fueled by explosive expansion of short-term leasing at the expense of renting to permanent residents of the capital.

Her last five years the numbers show that compared to 2018 increase in rents in 2023 it had reached:

• 43,2%-52,1% for family apartments with 2 bedrooms 80-110 sq.m. (regardless of year of manufacture)
• 53%-63% for student-youth residences

At the level of regions, detailed data on the over 7,100 properties officially declared to be used for short-term rentals:

• 2.208 in Commercial Triangle-Plaka
• 1.035 in Koukaki-Makryiannis
• 855 in the New World
• 774 in Exarchia-Naples-National Museum
• 445 in Pagrati
• 379 in Kallithea
• 378 in Kolonaki
• 374 in the Vineyards
• 334 on the Acropolis
• 327 in Petralona

In in relation to February 2023 when it was nearly 5,700, h average increase reaches 25%while in some areas such as Pagrati and Petralona it approaches or even exceeds 50%.

The dramatic accuracy in housing Mrlives in the family home between the ages of 18-34as 71.9% still reside in the children’s room, the second highest percentage in the EU.

At the same time home ownership rate continues to recede and was found at 72.8%, the lowest in 20 yearswith a reduction of approximately 100,000 properties.

Almost 1 in 2 Greeks cannot meet their obligations (rents, bills, loan installments, etc.) with 45.5% delaying their payments, with an increase of 9 points within a year. This is an unthinkable percentage in the EU, as second far behind is Bulgaria with only 19.9%, while the EU average is 9.2%.

“Approximately 900,000 of our fellow citizens began to live with housing-related debts,” said real estate agent Th. Bakas.