For many, paying the rent is increasingly difficult

For many, paying the rent is increasingly difficult

Rising rents are one more factor weighing in on Greek city dwellers’ finances, alongside galloping inflation, especially in energy prices.

According to a cross-country survey of just over 1,000 respondents by research and communications firm About People, nearly half (47.8%) of individual tenants either have difficulty paying the rent or are falling behind in payments. Also nearly half (49.1 % and 49.3% respectively) declare that they are unable to save and consider it very difficult to impossible acquiring a home of their own.

More than six out of 10 (61.7%) say they need to cut back on other spending, including clothes and holidays, to be able to pay the rent. Also, 22.1% have their rents partly subsidized.

Expensive rentals are also forcing another lifestyle choice: life partners who each live in their own apartments are forced to an earlier than planned cohabitation to cut down on costs.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.