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Jun 2026
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New subsidy scheme seeks to bring vacant homes back onto the market

Greece is preparing to launch a new housing scheme designed to increase the supply of available homes by subsidising extensive residential renovations, as the government looks to bring thousands of vacant properties back onto the market.

Housing: Subsidy up to €36,000 from May for 30,000 renovations – 20 properties on the market in 2026 for social housing

The social housing plan passes the first market test with 20 properties in 2026, while 2,300 homes from inactive camps and 700 by 2029 enter the pipeline - Investors "see" returns of 9%-10% to enter the projects, with public property being the main filter

Rents like Europe, salaries like Greece: An entire monthly wage for a home in Athens

Up to 94% of salary goes to rent – increases of up to 10% with inflation at 3% and wages stagnant – what the KEFiM study shows and how families cope

Investment trends and a key challenge for new homes in Athens through 2030 — Where prices are peaking

The maturing of the market is leading to a levelling off of the rates of increase that have been evident since last year, as "asking prices are beginning to test the upper limits of demand resilience", according to Savills Hellas

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