IMF warns empty homes deepen Greeces housing crisis as Hungary allocates 19 billion to rental housing
The IMF warns that empty homes are worsening Greece’s housing affordability crisis, deepening distortions in the country’s real estate market. In its *2026 Greece: Selected Issues* report, the Fund identifies a growing tension between tourism-driven growth and housing availability, where short-term rentals and speculative vacancies reduce supply for local residents. The crisis is not just a shortage of homes but a misallocation of existing stock, the IMF says .
Hungary’s government allocates billions in EU funds to tackle housing affordability, with part of the freed-up €19 billion earmarked for rental housing construction. Officials confirm the state development bank MFB will channel funds into social housing projects alongside infrastructure upgrades, while reviewing regulatory exemptions for flagship homeownership programs .
The IMF’s findings in Greece reflect broader European challenges, where tourism and investment flows often prioritize short-term returns over long-term housing stability. While Hungary’s EU-backed rental housing push offers a direct response, Greece’s crisis underscores the need for policy interventions to balance market dynamics with affordability. No other articles in the collection address the €19 billion figure or IMF-linked housing affordability measures at this scale.
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