The program “My House 2” and rental subsidies have spurred the increase in real estate prices

Research of the Bank of Greece: “My house 2” and rental subsidies increased housing prices in Greece. 75% consider this the cause of growth, TTE indicates the complexity of the problem.

Program “My house is 2” And Lent subsidies became additional impetus to the increase in real estate prices. Since the beginning of 2025, the requested prices for the sale of housing throughout Greece have increased depending on the region and the type of real estate, which is directly related to the launch of a new program.

The increase in prices continued in large cities and popular tourist zones, where the demand remains high, and the proposal is limited. Maintaining strong demand and, accordingly, the rising trend is provided by programs “My house is 2“And subsidies for rent.

The results of the 4th research work called “Barometer of the Real Estate Market. What the Greeks are waiting for ”turned out to be very indicative. About 71% of citizens interested in real estate said that they were good, enough or slightly aware of the program “My house is 2“. This indicator increases to 78% among those who plan to buy a house and up to 84% among real estate market professionals. Even those who want to sell their housing show interest – 73% of them are aware of the program.

Of those who have at least minimal knowledge about the program “My house is 2“, 75% believe that it led to an increase in housing selling prices (35% noted an increase of up to 10%, 40% – more than 10%). Similarly, 78% believe that rental rates increased due to the program (37% to 10%, 41%-more than 10%).

At the same time, 55% of citizens believe that rental subsidies, including the measure of the return of the rent, will lead to price growth (35% expect an increase of up to 10%, 20% – more than 10%). 37% believe that the rental rates will not change, 4% suggest that the rental measure will reduce prices, and 4% believe that it will lead to their growth.

Although the purpose of the return of the rental by the government is social relief, under certain conditions it may work the other way around, strengthening growth of rental rates. Meanwhile, as the recent report indicates Bank of Greece (TETA)exacerbation of the problem of housing costs has many reasons.

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