ECB study finds Greeks overburdened by housing costs, most likely to miss payments

Economy Tags: ECB, Property
Photo by MacroPolis
Photo by MacroPolis

The Greek government has been under pressure on the issue of the intensifying housing crisis to the point that it was forced to modify the Golden Visa scheme, primarily by raising the threshold for eligibility towards one million euros of property investment in sought-after areas, previously set at half a million euros.

Aside from the fact that Greeks are being priced out from the property market by foreigners with deeper pockets, the cost of housing is a severe issue in Greece.

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