Story perspectives

60% of Renters Struggle with Housing Costs in Greece

7/20/2025

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Summary

Story summary

A Bank of Greece analysis shows 60% of renters now spend over 40% of their disposable income on housing.
Renters bear a heavier financial burden than mortgage holders, with only 12.5% of owners exceeding 40%.
Urban households are more affected, with 31% impacted compared to 25% in rural areas.
Crete and Western Greece report the highest burden, with 85.3% of renters exceeding the threshold.
Low government housing spending and inflation limit purchasing power, highlighting the need for regulatory support.

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Story summary

A Bank of Greece analysis shows 60% of renters now spend over 40% of their disposable income on housing.
Renters bear a heavier financial burden than mortgage holders, with only 12.5% of owners exceeding 40%.
Urban households are more affected, with 31% impacted compared to 25% in rural areas.
Crete and Western Greece report the highest burden, with 85.3% of renters exceeding the threshold.
Low government housing spending and inflation limit purchasing power, highlighting the need for regulatory support.