Greek Rents Jump €342 Since 2019 as Ireland Faces €251 Rise in 5 Years
Updated
Updated · Euronews · Jul 3
Greek Rents Jump €342 Since 2019 as Ireland Faces €251 Rise in 5 Years
3 articles · Updated · Euronews · Jul 3
Summary
A New Economics Foundation study found tourism flows have added €342 a year to Greek residents’ rents since 2019, the biggest increase among surveyed countries.
Eurostat rent data matched with air-passenger volumes pointed to tourism rather than construction or energy costs; EU construction prices rose 45% over the past decade, but the link was weak in high-tourism countries.
Spain ranked second with a €236 annual tourism-driven rent increase, followed by Portugal at €220 and Italy at €202; researchers said Spain’s rent controls and Italy’s larger housing supply helped limit the impact.
Ireland is projected to see the largest absolute increase over the next five years—another €251 a year—with planned Dublin Airport expansion likely to intensify pressure on an already strained housing market.
The findings land as Greece, Spain, Italy and the Netherlands have all seen protests against overtourism, underscoring how visitor growth is feeding broader cost-of-living tensions.