The dark side of tourism in Greece; Surprising increase in house prices following the demand of tourists!
Moj news agency reports;
The 3-fold increase in foreign tourists in Greece in the years after Corona and the increase in the purchase of houses in Greece by them has increased house prices and reduced people’s purchasing power.
According to the social reporter of Moj news agency, Greece’s policies in the area Tourism It has been successful since the end of the pandemic coronavirus Every year, three times the population of this country, the arrival of tourists to Greece has happened. Greece earned 18 billion euros ($19 billion) from tourism last year, and the industry helps Greece pay its debts by receiving foreign currency.
Despite the many benefits that tourism has had for this country, the increase in buying houses in Greece by them has increased house prices and reduced people’s purchasing power.
Greek people believe that the policies of the country’s leaders, including loan payments, are in favor of attracting foreign capital and that the government supports them. Greeks believe the golden tourist visa allows foreigners to come and buy houses while others struggle with loans they can’t repay.
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Al Jazeera wrote that according to the data of the Central Bank of Greece, the average property price in Greece increased by 12% last year and is set to increase by another 14% this year. Is. Also, this statistic states that 30% of real estate that was sold in the country last year belongs to Syrians, Egyptians, Emiratis, other Europeans and Americans.
Analysts say Greece faces the potential problem of population decline and an aging population that defaults on payments Mortgage to young couples (which the government promised) and rising property prices make this problem worse. According to the Greek Statistical Service, the birth rate in this country decreased by 30% from 2011 to 2021 to less than 84,000 people per year and is lower than the death rate.
“My house” was the name of the biggest action of the Greek government to help young couples to buy houses, in which 137 thousand young couples were supposed to own houses, but due to the financial problems of the government and also the payment of loans to foreign tourists applying to buy houses, only 4,500 couples have received government approval applications and not all of them have received bank approval.