The Greek Current

Greece's housing crisis and the decline of home ownership

Episode Summary

Nikos Roussanoglou, a journalist at Kathimerini covering the economy and the housing market, joins Thanos Davelis to break down the latest statistics showing a decline in home ownership in Greece amid rising costs across the housing market, and look at what these trends mean for Greeks.

Episode Notes

Recent statistics show that home ownership is declining in Greece, while the number of people living on rent is shooting up. At the same time, the supply of apartments for sale or rent in the center of Athens continues to drop, while prices are on the rise. This is all contributing to a deepening housing crisis for many Greeks. Nikos Roussanoglou, a journalist at Kathimerini covering the economy and the housing market, joins Thanos Davelis to break down these trends, and look at what they mean for Greeks. 

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