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In Greece, the housing situation between the Second World War and 2009 was characterised by an extremely high rate of private ownership. Privately owned homes were considered a safe investment to pass on to descendants. In 2006 the rate of privately owned homes in Greece was estimated to be 84% ‒ in Europe, only Spain and Ireland topped this figure. State intervention in the housing sector was quite limited, and both the privately owned and rental housing sectors were left to their own devices. Rent regulation fell under the jurisdiction of what was then the Ministry of Commerce – evidence that housing was considered to be a commercial commodity rather than a social necessity in need of pr