Housing crisis: Foreclosures are undermining social cohesion – How 2,800 homes were lost..

Friday, Oct 9, 2026

EfSyn

Foreclosures increase vulnerability, displacing many homeowners and threatening social cohesion across Greece and Europe.

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[This is an automatically generated summary, for reference only]

Eviction crises are worsening, with property auctions leading to a loss of social cohesion; 2,800 homes were lost in Attica in 2026. Despite protests against foreclosures, evictions continue under government half-measures. The article highlights the tragic deaths of individuals affected by these issues, including an elderly person who was evicted and another activist from Spain. It notes that as property bubbles expand across Europe, thousands of families suffer silently due to systemic failures. In Greece, ownership is eroding; homeownership dropped from 77.2% in 2010 to 69.4% in 2025 as properties transfer to funds. While the slogan “No house for the banker” has become a social imperative, many homeowners experiencing loss remain silent due to shame. The government plans new regulations for debt servicers, promising greater transparency and caps on loan advances, but activists argue that current measures do not adequately address the plight of debtors facing severe financial hardship.

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