Social housing policy funding to increase

The government plans to make total funding of 1.5 billion euros available over the coming years as part of its goal to reactivate social housing.

"Our goal is to increase the supply of properties on the market in order to reduce high rental rates. For this purpose we will also use public real estate. We do not have to wait years until the complete registration of 100% of the properties controlled by the state is completed," said National Economy Minister Kostis Hatzidakis, speaking at the 24th Prodexpo Real Estate Conference in Athens on Wednesday.

As examples, he cited the development of land through public-private partnerships (PPPs), under the institution of social rent, which will involve finding affordable housing for young people aged 25-39.

"There are plots of land belonging to DYPA [the Public Employment Service] that are located in Kifissia. Investors...