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Athens Rent Crisis: Housing Costs Match Average Salaries
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Real estate & government

Athens Rent Crisis: Housing Costs Match Average Salaries

New data from Deutsche Bank Research highlights housing affordability challenges in Athens and major European cities.

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In 30 seconds
  • The average monthly net salary in Athens stands at 1,156 euros.
  • Average rent for a three-room apartment in the city center reaches 1,164 euros.
  • Similar housing cost pressures are reported in Lisbon, Milan, Barcelona, and Madrid.
What it means for you

Why does this matter to you? For Israelis investing in Athens real estate or considering relocation, these figures reflect the ongoing tightness in the local rental market and shifting affordability trends.

Housing affordability in Athens faces mounting pressure as rental costs continue to match or exceed average earnings. According to data from the Deutsche Bank Research Institute, the average net monthly salary in Athens is 1,156 euros, while the average rent for a three-room apartment in the city center reaches 1,164 euros. This places Athens among several European cities where housing expenses consume a significant portion of household income. Comparable conditions were recorded in cities such as Lisbon, Milan, Barcelona, Madrid, and Rome, where rental costs surpass standard local wages.

Yavanet will keep updating from official sources.

Source: in.gr
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  1. Athens Rent Crisis: Housing Costs Match Average Salaries
  2. Greece short-term rentals: Tax authority detects undeclared income
  3. One in three homes in Greece is empty, yet finding housing remains a challenge
  4. Temporary Route Changes for Athens Buses and Trolleys on Saturday
  5. Corinth: Two injured in incident at Motor Oil refinery

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