Kyriakos Mitsotakis mentioned the “rising” of rent and housing costs in his new post on TikTok. In most cases, especially for young people, finding a home is an elusive dream.
In his new intervention via TikTok, Prime Minister Kyriakos Mitsotakis mentioned that 7 out of 10 Greeks live in their own home, however, 3 out of 10 are forced to rent and they face a big problem.
Kiriakos Mitsotakis continues:
“For years during the crisis, real estate prices and rents were frozen. But as a result of economic growth, we saw a sharp increase in property values and a sharp increase in rents. The minimum wage increased by 20%, but rents still increased.
Below, the Prime Minister points out, “Landlords are forced to pay a large portion of their salary to rent, which is a problem.” As a result, many 30-35-year-olds are still living with their parents.”
Mr. Mitsotakis points to the cause of the housing crisis: “Supply outstrips demand because there are hundreds of thousands of old construction homes that are closed and not repaired. In addition, other homes are moving toward short-term rentals, such as AirBNB. Another reason is the Golden Visa,” and he How he plans to tackle the problem:
“I'm renovating – saving and renovating – renting, but we help owners to open closed apartments through “bold” tax announcements. Buildings and land sitting through the social compensation agency can build new homes. Actions and restrictions on Airbnb, the cost of the golden visa also increased”.
The hard truth about rent❗️
In conclusion, Kyriakos Mitsotakis underlines that the problem cannot be solved overnight because it is a problem with European dimensions, however, “I assure you that we are still doing everything we can to limit the consequences”.
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