Feb 12 • 09:56 UTC 🇬🇷 Greece Naftemporiki

Alpha Bank: Five Measures to Address the Housing Crisis – The 'Sticking Points'

Alpha Bank proposes five targeted measures to increase housing supply and tackle the housing crisis in Greece, highlighting challenges such as aging residential stock and vacant homes.

A recent study by Alpha Bank outlines five targeted measures aimed at increasing the supply of housing and addressing the ongoing housing crisis in Greece. The report identifies key challenges contributing to the crisis, such as the aging residential stock and the prevalence of vacant homes, which significantly exacerbate the situation. The measures proposed are designed to alleviate pressures on affordable housing and to better utilize existing housing in urban centers.

Among the proposed solutions, Alpha Bank suggests the inclusion of new areas in urban planning, which could facilitate the development of additional housing projects. Furthermore, enhancing decentralization processes and expanding remote work opportunities are recommended strategies that could help ease demands on housing in densely populated urban areas. Tax incentives for companies that employ remote workers on a permanent basis are also suggested, as they may shift some workforce demand away from major cities.

In addition to these measures, Alpha Bank proposes tax breaks for homeowners who rent their properties in large cities, encouraging them to relocate to smaller towns. These suggestions aim to not only increase housing availability in urban centers but also promote more balanced population distribution across the country, thus supporting sustainable development in both large and smaller municipalities.

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