Pressure on citizens from the housing crisis remains high, according to a new nationwide survey by BluPeak Estate Analytics and Ierax Analytix. Across Greece, it showed that 34% of the income of people aged 36-55, and 32% of those aged 25-35 goes to covering housing needs.
Just 38% of those in the 25-35 age bracket consider the cost of housing affordable, while the other 62% rate it from hardly manageable to unsustainable (16%).
Taking into account that 47% of young people rent a property and only 27% have a house of their own, there may well be an increase to the 19% rate who say they still live with their parents.
Another interesting finding is that among the 36- to 55-year-olds, 37% say they intend to change a house in the next three to five years if conditions permit. That rate jumps to 62% among renters and to 48% among those living in Athens.
For 38% of those intending to move, the reason is the economic difficulty in covering the monthly rent or the mortgage, but this rate rises to 54% among tenants (and 63% for tenants without a tenancy contract).
Another 27% say they will examine the possibility of a house change because they require more space, and 22% because they wish to move to another area for family or professional purposes.
Housing conditions affect family and professional plans of 61% of those sampled, which rises to 71% among tenants, 65% for Athens residents and 69% for those declaring a monthly income below €900.
Meanwhile, 72% say that the utilization of state property would help tackle the housing crisis, while 81% believe that the lack of monitoring affects market prices, because a portion of rents remains undeclared.
The vast majority (85%) support a state intervention for the solution of the problem.
According to Blupeak’s analysis, “the low confidence and the perception of monitoring shortages are found horizontally in the market, regardless of age. The housing market lags in transparency, while the majority believe that the practice of undeclared renting affects prices, forming a common social demand for solutions that would boost housing market transparency,” the survey showed.