Share of tenants is growing

• 27 July, 25

The signs of the housing crisis are becoming increasingly evident not only in Greece, but also at a pan-European level, even though most other countries were not affected by the economic crisis that hit the Greek economy for most of the past decade.

This country represents the largest percentage of increases, both in rents and sales prices, that has been recorded in recent years and especially in the period from 2022 to the present, although the upward trend dates back to the beginning of 2018. Even so, according to the price indices of the Bank of Greece, the sales prices of houses in the country as a whole at the end of this year’s first quarter were only 9.1% higher than in early 2010, while in Attica the percentage is even higher, at 14.8%.

On the contrary, based on Eurostat data, nationwide rental prices are still 11% lower than the 2010 levels, taking into account inflation, which has meanwhile reduced purchasing power compared to 15 years ago. Of course, in Attica and Thessaloniki the picture is much worse, as rents have now exceeded their 2010 levels, at a time when purchasing power is lower.

This explains the gradual increase in tenants as a percentage of the total population, as their share increased from 25% in 2015 to 30.3% in end-2024.

Cre: ekathimerini