Thessaloniki launches 22 million euro housing action plan

The Municipality of Thessaloniki has approved a five-year intervention plan with an estimated budget of 22 million euros to address local housing challenges. The strategy focuses on expanding social housing stock, utilizing public and municipal properties, and introducing support mechanisms for residents.

Key actions involve renovating public properties to provide social rentals, converting a former school into residential units, and utilizing vacant state properties. The municipality is also establishing a network of certified housing mediators to assist tenants and landlords. Additionally, restrictions on short-term rentals are taking effect in the first municipal district alongside adjusted municipal fees for multiple short-term properties.

What this means for property investors and residents in Thessaloniki

If you are looking at the property market in Thessaloniki, it is essential to factor in the new municipal regulations and short-term rental limits, particularly in the city's first district. Always check with local authorities, legal experts, or accountants to understand how municipal fees and restrictions apply to specific properties before making a purchase. As short-term rental rules evolve, reviewing long-term or medium-term rental alternatives can help secure stable returns. Because policies and local guidelines are subject to change, verify all details directly with official municipal sources.

FAQ

What is the budget for the new housing plan in Thessaloniki? The five-year intervention plan has an estimated budget of 22 million euros.

What restrictions are being introduced on short-term rentals? Restrictions are taking effect in the first municipal district alongside adjusted municipal fees for properties with three or more short-term rentals.

How is the municipality increasing social housing stock? By renovating public properties, converting a former school into residential units, and utilizing vacant state properties.