Experts in Greece are warning of a significant increase in rental prices, attributing the rise to a combination of factors and policy missteps. Specifically, the proliferation of short-term rentals through platforms like Airbnb, the Golden Visa program attracting foreign investment in property, and limited new construction are cited as key drivers. These elements are collectively restricting housing supply and inflating demand, particularly in popular areas. Analysts suggest current policies are inadvertently exacerbating the affordability crisis for long-term residents. The warning indicates a failure to adequately regulate short-term rentals and a lack of sufficient housing development to meet growing needs. Without intervention, the situation is expected to worsen, pushing rental costs to unsustainable levels.
