Greek Government Rejects Rent Caps and Announces New Housing Support Measures

The Greek government has officially ruled out imposing rent caps on private properties, emphasizing that its housing strategy focuses on increasing supply and supporting tenants through structural interventions.

Key points

• The Ministry of Social Cohesion and Family clarified that rent control is not part of the National Strategy for Housing Policy.
• Prime Minister Kyriakos Mitsotakis introduced the 'Renovation of Residence' program, offering subsidies of up to 36,000 euros for upgrading vacant or old properties.
• The government launched the 'PosoKanei' platform to increase market transparency by allowing consumers to compare product prices across supermarkets.
• New measures include expanding the out-of-court settlement mechanism to households with debts as low as 5,000 euros.

Why it matters

These policy decisions reflect the government's attempt to balance inflation-driven cost-of-living pressures with market-based solutions to the housing crisis.