Greece is introducing a “Build to Rent” scheme, modeled after successful European programs, to address its escalating housing crisis. The initiative offers significant tax incentives, specifically a decade of zero taxation on rental income, to encourage the construction of properties specifically for leasing. This program, dubbed “Construct – Rent,” aims to increase the supply of available rental units and subsequently lower housing costs. Developers participating in the scheme will benefit from the tax break, hoping to attract investment in long-term rental properties. The government anticipates this will alleviate pressure on the market, where rising prices have created affordability challenges for many residents. Officials believe the initiative will stimulate construction and provide more housing options, particularly in urban areas experiencing the most acute shortages. The program represents a key component of the government’s broader strategy to tackle the housing affordability issue.