![Rents: Homes in short supply – New jump in prices in 2025 [πίνακες]
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Table of Contents
- 1
- 2 Rental prices
- 3 The new digital tool
- 4 **Considering the role of tourism and the rise of short-term rentals in exacerbating the housing crisis, what strategies could Greece adopt to balance the economic benefits of tourism with the need for affordable long-term housing for its residents?**
Rental prices are expected to reach new highs in 2025. This increase is mainly due to increased demand and limited supply as a large number of property owners have turned to short-term rentals.
Realtors and property owners, although they see a “brake” on the increases, believe that this will simply slow the increases and be done gradually, while prices will continue to rise in the coming year.
As the Bank of Greece (BoG) reports, the aggravation of the problem of housing costs is a consequence of the extensive investment exploitation of the residence, the withdrawal from the real estate market that secures non-performing loans and is intended for auction, as well as the sluggish activity in the construction industry for long period of time, which has not allowed the smooth replenishment of the real estate stock.
Rental prices
According to data from Greece’s rental housing market, a reduction in supply, particularly in major cities such as Athens and Thessaloniki, is pushing up prices, with renters engaging in a “treasure hunt” to find accommodation.
They are often forced to make discounts on their requirements, such as for the age of the property, the type of heating or the existence of parking.
On the other hand, those who are already renters often accept the increases demanded by landlords at the end of their contract, knowing that they will have a hard time finding another property to rent.
The president of the Panhellenic Association of Property Owners (POMIDA) Stratos Paradias argues that rents will only decrease if the closed properties are put on the market, and for this the state should give incentives to the owners to renovate them or convert them from short-term to long-term leases .
As long as supply does not increase, the imbalance between supply and demand will keep prices high.
The new digital tool
A new digital tool that will enable citizens to see real property prices in every region of the country is being prepared by the Ministries of Finance, Digital Governance and the Independent Public Revenue Authority (AADE).
The digital application that will capture the real price of a property will be activated in 2025 and is estimated to contribute to transparency and reliability in the real estate market as well as to the reduction of prices.
Today’s real estate market is dominated by fictitious prices, as in most cases the prices listed in the sales or lease contracts are lower than the prices in advertisements and brokers.
The new system will use artificial intelligence to collect and analyze data from multiple sources, such as transfer contracts, sales advertisements and data from the Tax and Land Registry. In this way, citizens will have access to an accurate and up-to-date picture of real estate prices.
Source OT
#Rents #Homes #short #supply #jump #prices #πίνακες
**Considering the role of tourism and the rise of short-term rentals in exacerbating the housing crisis, what strategies could Greece adopt to balance the economic benefits of tourism with the need for affordable long-term housing for its residents?**
## Reality Bites: Navigating the Greek Rental Market
**Intro:** Welcome to World-Today-News, where we delve into the pressing issues shaping our world. Today, we’re tackling the escalating rental crisis in Greece, exploring the factors driving up prices and the potential solutions on the horizon. Joining us are [Guest 1 Name], a real estate expert with extensive knowledge of the Greek market, and [Guest 2 Name], a representative from a tenant rights organization, providing valuable insights from both sides of the coin.
**Section 1: The Crunch – Understanding the Supply and Demand Dynamics**
* **Host:** The article paints a clear picture of a rental market under immense pressure. [Guest 1], can you shed light on the key factors contributing to this rising tide of rental prices? What’s driving this significant imbalance between supply and demand?
* **Guest 1:** [Responds, elaborating on factors like short-term rentals, sluggish construction, and limited housing stock due to non-performing loans.]
* **Host:** [Guest 2], from a tenant’s perspective, how are these rising prices directly impacting people’s lives? What sacrifices are individuals and families forced to make to secure a roof over their heads?
* **Guest 2:** [Responds, highlighting the struggles of finding affordable housing, compromising on location and living conditions, and the potential for housing insecurity.]
**Section 2: A Glimmer of Hope – Exploring Potential Solutions**
* **Host:** The article mentions a new digital tool in development that aims to bring transparency to the market by showcasing real property prices. [Guest 1], do you believe tools like this can genuinely contribute to a more balanced and fairer market?
* **Guest 1:** [Responds, discussing the potential benefits and limitations of such a tool, and whether it can effectively address the underlying structural issues ]
* **Host:** [Guest 2], what other measures, beyond price transparency, could be implemented to ease the burden on renters and ensure access to safe and affordable housing? Are there successful models from other countries that Greece could learn from?
* **Guest 2:** [Responds, suggesting policy solutions like rent control, investment in social housing, and incentives for landlords to offer long-term leases.]
**Section 3: Looking Ahead – Balancing Perspectives and Finding Common Ground**
* **Host:** We’ve heard some crucial perspectives from both sides of this complex issue. [Guest 1 and Guest 2], where do you see the Greek rental market headed in the coming years? Is there a path toward a more sustainable and equitable future for both property owners and renters?
* **Guests:** [Engage in a concluding discussion, offering their insights and potential solutions for a healthier rental market, acknowledging the need for collaboration and compromise.]
**Host:** Thank you, [Guest 1] and [Guest 2], for offering your valuable expertise and perspectives. This conversation highlights the urgent need for a nuanced and collaborative approach to address the rental crisis in Greece and ensure access to safe, affordable housing for all.
**Outro:** For more information on this topic and other critical issues impacting our world, please visit World-Today-News.com.
