Prime Minister Kyriakos Mitsotakis published a new video on TikTok about the housing crisis and rent prices.

Mr. Mitsotakis initially explained that 7 out of 10 Greeks live in their own house, but 3 out of 10 are forced to rent and they are facing a big problem.

@kyriakosmitsotakis_

The hard truth about rent❗️

♬ original sound – Kyriakos Mitsotakis

“For many years during the crisis, real estate prices and rents were frozen. But as a result of economic growth we have seen a sharp increase in property values ​​and a very sharp increase in rents. The minimum wage has increased by 20%, but rents have increased more.

Those who rent are forced to give a large part of their salary to rent and this is a problem. As a result, many young people aged 30-35 still live with their parents. The demand for rentals, he explains, is greater than the available houses. The supply is greater than the demand because there are hundreds of thousands of houses of old construction which remain closed and have not been repaired. In addition, other houses are heading towards short-term rentals, i.e. AirBNB while another cause is Golden Visa.

The government deals with the problem in the following ways: “We help owners to open the closed apartments as I renovate save and renovate rent but also through brave tax declarations. Buildings and land that sit through the institution of social compensation can be built new houses. Measures and restrictions on airbnb while the cost of the Golden Visa also increased.

In addition, with the “My Home” program, those who want to own their own home are helped by subsidizing their mortgage. In addition, he mentioned the rent allowance which reaches up to 210 euros and at the same time the student accommodation allowance has been increased. The problem cannot be solved overnight as it is a major pan-European problem. But I assure you that we are still doing everything we can to limit the impact of the problem.”