Property cycle

According to the available data, residential rental rates have been rising much faster than salaries in recent years, making some neighborhoods, and especially in central Athens, too expensive for young house-hunters. Why is this happening? And what can be done about it?

When a law abolishing the Workers' Housing Organization was passed in 2012 as part of a package of stringent austerity measures, Greece gave up the last tool of state intervention in the real estate market.

Housing prices in Bulgaria have risen by more than 30% since 2010. This is evident from the latest Eurostat data, according to which renting costs for this period increase by nearly 15 percent.