Economic rent

The government is offering owners of shuttered properties a double incentive to convince them to put their assets back on the long-term rental market, as they can benefit from the "Renovate-to-Rent" scheme and from the three-year income tax exemption on rents.

The number of people looking for a roommate, or more, to share an apartment with, is increasing, as rents remain high.

Besides university students, the traditional crowd-sharing digs, people who work part-time jobs and low-wage-earning, single individuals are increasingly seeing sharing as a viable option.

The rent crisis, which has been affecting millions of citizens for more than two years, has become one of the priorities of the public.

Last year, a 25 percent cap on rent increases was imposed by the government, and the deadline was extended this year.

Many Greek islands face severe shortages of doctors and nurses and attempts to solve the issue fall afoul of local economies and, in certain cases, government bureaucracy.

The state obviously has a duty to provide its educators, doctors, security personnel and other officials with what they need to do their jobs. This does not mean, though, that local communities should expect the state to do everything. 

Demand for rental houses is expected to pick up further in the next couple of months, stoking concerns that tensions between landlords and tenants will only intensify.

Real estate owners who increase rents exorbitantly may face imprisonment, while judicial and administrative fines will be among other options, Justice Minister Bekir Bozdağ has said.

More and more landlords and tenants engage in legal battles to settle disputes over rent hikes, keeping the country's courts busy.

Rent prices and huge rent hikes demanded by landlords have been some of the hotly debated issues over the past months, which prompted the government to introduce a regulation restricting rent increases to 25 percent.

Holidaymakers are already searching for summer houses to spend their vacation in Turkey's coastal towns but only to find that rent prices have skyrocketed.

On average, the rent of an apartment in the tourist hotspot Bodrum, on the Aegean coast, is now around 30,000 Turkish Liras ($2,000), while prices for luxury units can go up to between 100,000 and 250,000 euros.

In the 50 largest U.S. metro areas, median rent rose an astounding 19.3 percent from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms.