A total of 4,356 active subscriptions worth €520 million, out of a total budget of €2 billion, or 26% of the programme, have been made in the first 2.5 months of the My House II programme, according to a statement from the Ministry of Finance.

In practical terms, this means that the person has confirmed that he or she is eligible for the program, has received pre-approval from a banking institution, has found a property based on the program’s features (including electronic building identification), and has proceeded with his or her application to the Hellenic Development Bank, where inclusion in the program has been confirmed.

45% of the already approved loans under “My House II” are for beneficiaries up to 37 years old, 60% for married couples, 58% for beneficiaries with incomes from 12 to 24 thousand euros, while 440 loans with additional interest rate subsidy have been granted to families with three children and more.

Also, according to official data, the average of each loan is 119 thousand euros, the average commercial value of each house is 157 thousand euros, the average year of construction is 1983 and the average area is 89 square meters.

In terms of geographical distribution, 1,063 loans amounting to 123,795,550 euros have been approved in the Region of Central Macedonia, 331 loans amounting to 35,537,300 euros in the Region of Eastern Macedonia & Thrace, 314 loans amounting to 35.253.100 euro in the Region of Thessaly, 233 loans of 25.243.000 euro in the Region of Western Greece, 155 loans of 18.333.800 euro in the Region of Epirus, 153 loans of 17.823.000 euro in the Region of Epirus, 153 loans of 17.823.000 euro in the Region of Western Greece, 155 loans of 18.333.800 euro in the Region of Epirus, 153 loans of 17.823.250 in the Region of Peloponnese, 148 loans amounting to EUR 13 223 950 in the Region of Western Macedonia, 128 loans amounting to EUR 14 332 400 in the Region of Central Greece, 101 loans amounting to EUR 13 083 700 in the Region of Crete, 51 loans amounting to EUR 6.237,300 euro in the Region of South Aegean, 34 loans of 4,081,800 euro in the Region of Ionian Islands, 34 loans of 3,420,000 euro in the Region of North Aegean, and 1611 loans of 208,857,800 euro in the Region of Attica.

208,858,857,857 loans to 208,857,857 in Greece and 208,857,857 loans to 208,857,000 in Greece.

The features of the programme – The differences with “My House I”

During the corresponding period of operation of the “My House I” Programme, 3381 loans were subject to the programme.

Compared to “My House I”, in “My House II” the budget is increased by 100%. The age criteria have been widened from 39 to 50 years. As well as the equal income, from 16k to 20k for single people, from 24k to 28k for a couple, with an additional 4k for each child after the first (vs. 3k in “My House I”), and to 31k vs. 27k with an extra 5k (vs. 3k in “My House I”) for each child after the first for single parent families. There is also a special provision for families with three or more children (the interest-free loan rate is 75%) and for two-parent families in remote areas.

The percentage of the loan is reduced to 20%.

Applications for loan eligibility were made digitally through gov.gr. The application, which interoperates with the civil registry (demographic data) and the AADE (tax data), allows, as early as 15 January 2025, when it went live, the program’s candidate beneficiaries to quickly and in real time check whether they meet the income and age criteria. It is noted that 158,000 citizens have already submitted eligibility requests for the programme on the gov.gr application, of which more than 90,000 have been found eligible in principle. The signing of contracts is proceeding normally.

The “My House II” programme is part of the government’s 40 broader interventions, worth €6.5 billion, aimed at mitigating the effects of the housing crisis. The orientation of the interventions, along with increasing demand, for the first time, also aims to increase supply. Through the “Social Rent,” it is sought to increase the available properties, to provide social rent to vulnerable citizens with guaranteed lower rent from the state, and, of course, to make use of the unused public property, which has remained unused for years.