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Greece is one of those countries where housing is characterized as a prime need, sort of like food. In pre-Euro times, investment in land and housing was a sure way to safeguard against the ever fluctuating and devaluating drachma.

Shortage of Land

Greece has always had a short supply of land, and Athens an even shorter supply. The massive emigration from rural Greece to Athens -where currently more than half of the Greek population lives and works- meant that housing demands would by far surpass availability.

This high demand led lawmakers, economists, and construction companies (which are middle-sized Ma and Pa outfits) to invent the concept of the antinparoxi, which is an extrapolation of the popular condominium concept usually implemented in western capitals.

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