Revenue of 9.2 Billion Euros From "Golden" Rents - Real Estate Income Is Constantly Rising - iefimerida.gr
4 Articles
4 Articles
Rental income is increasing and multiplying. According to the latest available data from the Hellenic Real Estate Agency, it has now exceeded 9 billion euros, showing an increase of approximately 37% in five years, with the total increase exceeding 2.5 billion euros. This development reflects the expansion of the rental market, the increase in rents, but also the strengthening of economic activity around the development of real estate. The data …
Rental income amounted to €9.28 billion in 2024, up €750 million or 8.79% from 2023. Compared to 2021 they register an increase of more than 40%. Rising rents, the exploitation of vacant homes, short-term leases and better tax recording play a key role.
The rise in rents, especially in Athens, Thessaloniki and other areas with high housing demand, is now also reflected in tax returns. Declared rental income increased by 750 million euros in one year, with the main driver being the surge in rents that is increasingly burdening family budgets. Data from the Hellenic Property Administration (AADE) reveal that property owners declared income of 9.28 billion euros for 2024, compared to 8.53 billion …
What do the data on the income and asset profile of Greeks show from the processing of 6,896,253 tax returns?
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
