Signs of Stabilization in the Housing Market

After a period of rapid growth, the housing market in Greece is showing signs of price stabilization. According to a recent study by diaNEOsis in collaboration with IOBE, the area of Piraeus recorded the largest increase, reaching 95%, while the center of Thessaloniki saw an increase of 86%.

The study points out that housing affordability has decreased in Greece, with households spending 35.5% of their income on housing expenses, compared to 19.2% in the European Union. Nikos Vettas, coordinator of the study, emphasizes that the housing issue is multifaceted and requires a gradual approach.

The stabilization in the housing market is expected to be gradual, while challenges remain in the supply of houses and in finding solutions to the housing problem.

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