The Housing Landscape in Greece

Housing is a basic need and requires special care from each citizen as well as from the state as a whole. In today’s Greece in particular, we observe a thriving real estate market that is significantly boosted by foreign investments and tourism, which, however, coexists with a reduced supply of affordable housing solutions.

With average rental prices reaching historic highs—not only in Athens but also in the regions—the need for housing solutions is becoming more acute. In Attica, a strong trend towards decentralization is evident, as purchasing an apartment within the urban district has become particularly difficult, resulting in the development of new residential zones in the suburbs. The price per square meter for an apartment exceeds by far the construction cost per square meter, leading more and more people to lean towards the construction of a new home, meeting their needs through a tailor-made solution that fits not only their financial capacity but also their functional and aesthetic requirements.

The shortage of housing solutions in the real estate market is also acknowledged by the state, which has created a housing policy portal (https://stegasi.gov.gr/) where citizens can find programs for managing their existing property or acquiring a new home. Programs such as “My Home,” “Renovate – Rent,” and others aim to alleviate the housing problem and provide additional alternatives for citizens.

Our company, specializing in the construction of new homes as well as renovations, can undertake the entire process on a ‘turn-key’ basis.