As it emerged from the constructive debate in Parliament on Friday, government incentives to attract foreign capital, such as the Golden Visa program, have ended up causing more distortions in the property market than benefiting the national economy.
The acuteness of the housing crisis, but also the traces of opacity, justify a complete revision of the current regime.
The development of a short-term rental property market must be regulated in ways similar to those implemented by other European megacities, but not in the name of a nostalgic approach to city life.
Apart from the distortions it creates in the housing market by banishing residents from urban centers, it also ends up degrading the "product" itself.
Real estate investment companies expect pressure on the housing market for 2023, especially on properties of lower specifications, but also a continuation of the upward trend of green office buildings and logistics infrastructures.
The Bank of Greece, meanwhile, appears more optimistic, especially for luxury properties, in its annual report published a few days ago.