Whose property? Greece’s housing challenges
Description
After going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems.
High rental and purchase prices are pricing out much of the local population as foreign investors snap up apartments and entire buildings in pursuit of profits.
Host Nick Malkoutzis is joined by Stelios Bouras, a journalist who covers real estate and other economic issues for the Business Daily, to discuss a range of issues linked to the new conditions in the housing market - rising prices, a revival of construction and the much-debated Golden Visa scheme.
Useful reading
Inside one of Europe’s last golden visa programmes and what’s set to change - EuroNews
Local Greeks pushed out as mass tourism takes over Athens - France24
What is driving the Greek housing market's recovery? - MacroPolis
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