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A Eurostat survey reveals that Greeks face significant challenges in affording housing, with over 26% struggling or unable to meet the high rental costs. Greece is ranked last in Europe for the wage-to-rent ratio.
The difficulties are intensified by low wages, ongoing economic hardships, and the rising cost of essentials and housing. According to Eurostat, 40-50% of an average household's income is spent on housing expenses.
Families with children and retirees are particularly affected by these conditions. Students have also demonstrated against the shortage of dormitory spaces, with some choosing to discontinue their studies due to a lack of affordable accommodation options.
In response, the Greek government introduced a program offering interest-free loans to owners of unused residential properties to help address the housing crisis.
A recent analysis by StartupBlink highlights that Bulgaria offers a more favorable environment for startups than Greece, according to the Greek media Kathimerini
At least 14 people have died after a migrant speedboat collided with a Greek coastguard patrol vessel near the eastern Aegean island of Chios, according to Greek authorities. The incident occurred at sea, prompting an immediate large-scale search and resc
Greek national security agencies have launched an investigation into the growing number of land and property acquisitions in Northern Greece by citizens from Bulgaria and Turkey
The Dacia Sandero has emerged as the best-selling new car in Europe for 2025, maintaining a strong presence at the top of retail sales charts since 2017
Agricultural land prices across the European Union continued to rise in 2024, with Eurostat data showing a clear upward trend both in sales values and rental costs, although developments varied significantly by country.
Greek Prime Minister Kyriakos Mitsotakis emphasized Greece’s commitment to a unified European stance while speaking with national media following a leaders’ meeting in Brussels.
Sinisa Karan has been confirmed as the new president of Republika Srpska following a repeat early election held to replace the banned Bosnian Serb leader Milorad Dodik, according to final results.
At least 14 people have died after a migrant speedboat collided with a Greek coastguard patrol vessel near the eastern Aegean island of Chios, according to Greek authorities. The incident occurred at sea, prompting an immediate large-scale search and resc
Greek national security agencies have launched an investigation into the growing number of land and property acquisitions in Northern Greece by citizens from Bulgaria and Turkey
President of North Macedonia Gordana Siljanovska-Davkova stressed that the Macedonian language remains a fundamental pillar of national identity and cultural self-awareness, speaking at the opening of the Sixth Winter School of the International Seminar f
In Northern Greece, nationalist groups have expressed concern over the growing number of properties being purchased by Bulgarian citizens
Greek Prime Minister Kyriakos Mitsotakis emphasized Greece’s commitment to a unified European stance while speaking with national media following a leaders’ meeting in Brussels.
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