A recent study conducted by Alpha Bank provides an in-depth analysis of Greece's housing crisis, exploring how the country, known for significant investments in real estate and a high rate of homeownership, is currently facing serious housing challenges. The study highlights that, despite a considerable portion of wealth being held in property, factors such as the legacy of past economic crises and an aging housing stock contribute to ongoing issues in the housing market.

The research outlines the stagnation in residential investments during prior economic downturns, showing that investment in housing decreased by an average of 25% annually, culminating in these investments reaching only 5% of total national investments by 2017. Although there has been a recovery in housing investments since 2018, the levels remain considerably low, indicating that the market has not yet fully rebounded from previous economic challenges. This stagnation has directly impacted the quality and availability of housing, exacerbating the crisis for many citizens seeking affordable living options.

The key implication of the Alpha Bank study is a call for policy changes to revitalize the housing market. It stresses the need for significant investment in new housing projects and the renovation of old buildings to meet current living standards. Without such changes, Greece risks perpetuating its housing crisis, which poses not only economic challenges but also social consequences for its citizens, particularly younger generations looking to enter the housing market.