The area of Paiania, east of Athens.
The Greek government has moved to launch the first large-scale social housing initiative in decades by transferring eight state-owned properties for development under a new “social exchange” model aimed at addressing the country’s housing crisis.
A joint decision signed by the ministers of Finance, Labor and Social Cohesion places the properties – owned by the Public Employment Service (DYPA) – under the management of the Ministry of Social Cohesion and Family.
Under the scheme, private developers will finance and build housing projects on public land while the state retains ownership. At least 30% of the new units will be reserved for affordable social housing targeting young people, families and vulnerable groups.
The first international tender is expected to be launched in the summer. The properties in question are located in Paiania, east of Athens, in Larissa in central Greece, in Pyrgos in the northwestern Peloponnese and in Kalamata in the southwest.