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

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

To receive the subsidy, all invoices must be paid electronically, and the renovated property must be leased for at least three years.

This means that the maximum expense cap is likely to rise to 15,000 euros from 10,000 euros where it stands now, with a possible increase in the advance payment percentage as well.