Divorce worsens housing disaster | eKathimerini.com

The decline of building exercise, the persistently massive quantity of vacant houses, and the decline within the disposable earnings of households, that are but to get better from the losses of the financial disaster, are the primary causes for the depth of the housing disaster, which is at the moment affecting a lot of households.

Because the 2nd Actual Property Convention in Athens heard on Wednesday, each the explosion of short-term leases and the residence permits granted via the Golden Visa program do have some share of accountability, however to not the extent attributed to them, for the housing deficit.

In response to Dr Byron Kotzamanis, analysis director on the Institute of Demographic Analysis and Research, “in the present day we now have roughly 1 million fewer younger individuals aged 30-40 in comparison with 20 years in the past. Due to this fact, strain to satisfy housing wants needs to be easing. Nonetheless, this isn’t taking place, as there are additionally components that work in the other way, comparable to the rise in divorces and separated spouses, which signifies that as a substitute of 1 residence, two at the moment are wanted, whereas there’s additionally a rise in single-member aged households.”

In response to the info offered by Kotzamanis, though the variety of vacant houses is excessive (roughly 700,000 nationwide based mostly on the newest census), there was additionally a lower of their quantity by roughly 80,000 within the decade 2011-2021, as a few of them had been transformed into short-term rental lodging. Additionally, of the out there lodging, most properties are situated away from the capital, as out of roughly a complete of 120,000-180,000 (relying on the supply), solely 35,000 are situated in Attica, of which 15,000 within the middle of Athens.

Due to this fact, the primary purpose for the lower within the provide of housing is the collapse of investments in new most important residences. “Whereas within the decade 2001-2011, a mean of 52,000 new houses had been constructed yearly, of which 31,000 had been in Attica, within the following decade these numbers decreased to 26,000 and 4,500 respectively. This decline is instantly linked to the low variety of new housing loans.”