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Greece: European rents on Greek salaries

In Greece, workers supporting families are now required to cover housing costs that have reached the levels of European capitals, while incomes remain stagnant and do not keep pace with rising prices. High costs and the way the real estate market operates have created a new reality, where housing absorbs the largest part of monthly income. The result? The average rent now amounts to almost an entire monthly salary.

  • Published in Economy

Seasonal rentals drive Athens rents to levels unreachable for Greeks

The data from the ads published on the spitogatos website reveal that the few dozen properties available in Koukaki for rent are offered from 6 euros per square meter to the astronomical sum of 34 euros per sq. M. (this would mean 1,700 euros for an average home of 50 square meters). Impressive is also the case of ground floor property in the area, with an area of ​​50 square meters, which has a rentalprice of 1.000 euros per month.

  • Published in Greece
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