The move aims to ease the housing crisis by encouraging owners to renovate vacant homes and return them to the market.
Facing persistently high rents, the Greek government is rolling out supply-side measures, including incentives for long-term rentals, public-private social housing projects and large-scale home renovations
Under the scheme, beneficiaries will be eligible for subsidies covering up to 90% of renovation costs, with support of up to 30,000 euros in total, or 300 euros per square meter.
Banks warn that nearly €800 million may go unspent as two flagship housing programs -one for first-time buyers and another for home renovations- struggle with supply shortages and weak uptake
The government’s latest measures combine generous renovation grants, tax relief and tighter rental regulations in an effort to boost housing supply, even as owners warn of added complexity and unintended consequences
Mitsotakis outlined plans on rising prices, housing support, farmer compensation, transport pressures, energy deals, and a sea-drone partnership with Ukraine
Nearly 3,000 applications have been revoked nationwide after authorities uncovered multiple fraudulent claims in the “Renovate–Rent” scheme, aimed at boosting housing supply across Greece
With €2.5 billion in wage hikes, bonuses, and tax cuts, Greece is loosening its purse strings to ease household strain — cautiously, and amid widespread discontent with government performance
Greece issues new instructions for heating oil subsidies as the discounted fuel season opens on October 15, ensuring smooth payments to eligible households
“These policies that are developed are aspirin, hansaplast for an illness which is more serious than that.”
Prime Minister Kyriakos Mitsotakis spoke about his newly-announced €1 billion support package during a visit to the Ministry of Social Cohesion and Family on Wednesday, stating “Affordable housing is a right for everyone and an obligation of the State.”
This package includes two key measures: a rent refund program for tenants and a yearly allowance for low-income pensioners.
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Over 1,000 applications were submitted within the first hour as Greece launched its latest housing assistance program.
As Greeks continue to struggle to find affordable and suitable housing, Greece's tax authority is taking steps to determine the true scale of vacant properties that could become available on the market through the creation of a digital property file.
Greece's statistics authority reveals that just 16% of residential homes in Greece are less than 25 years old, and aging housing stocks are driving Greeks to newer rentals.
Spiti Mou 2’ housing program is set to open for applications in January with broader income and age requirements.