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Small and medium-scale international investors in housing in Athens and Thessaloniki

Principal Investigator: Dr Philipp Katsinas

Overview

Greece currently faces a housing crisis due to increasing housing unaffordability and unavailability, caused by housing financialisation – its increasing treatment as a commodity. Key drivers of the process are institutional investors, but the role of other types of investors, especially small-scale amateur investors purchasing a second property to rent out (buy-to-let) has remained little researched. Through the conduction of qualitative interviews with key stakeholders, the project will analyse the role of small- and medium-scale investors and investment brokers and their reasons for investing in Athens and Thessaloniki. It thus seeks to contribute to the wider literature on housing financialisation and to current public debates about how the process unfolds in Greece and affects housing.

*Funded by the Hellenic Observatory - Centre for Research on Contemporary Greece and Cyprus (HOC Research Fund)

Research Team

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    Principal investigator

    Philipp Katsinas, Teaching Fellow, Queen Mary University of London