The annual rent rebate applies criteria similar to those used in the “My Home 2” program – Examples of the maximum refund amount.

Starting this fall, hundreds of thousands of tenants of primary or student residences in Greece will benefit from an annual rent rebate equivalent to one month’s rent, with payments scheduled for late November. This permanent measure aims to ease the burden of rising living costs for households.

The new policy provides, via an automated process, for the reimbursement of one monthly rent per year based on tax declarations of the previous year’s income (for this year, that’s 2024 income). However, in its initial implementation, an application from eligible beneficiaries may be required, as the platform’s technical setup and lease verification process are still being finalized.

Key Details:

• Refund amount: 1/12 of the annual declared rent, up to a maximum of €800 per residence.
• For primary residences, an additional €50 per dependent child is granted.
• For student residences, the same €800 cap applies, but no extra allowance for dependents.
• The refund is not taxable and does not count as income for future benefit eligibility.
• Each student is eligible independently, even if multiple family members are studying.
• Shorter rental periods (e.g., due to moving or seasonal leases) will result in a proportionally reduced rebate.

Conditions:

• The measure runs in parallel with other housing and student accommodation benefits, without deductions or offsets.
• Only declared leases via the Independent Authority for Public Revenue (AADE) qualify.
• Rent must be paid via bank transactions.
• Cash payments, informal agreements, and Airbnb-type leases are excluded.
• For student housing, only income criteria apply (no asset limits).
• For primary residences, both income and asset criteria apply.

Income Criteria (as in “My Home 2”):

• Single individuals: up to €20,000/year
• Married couples/civil unions: up to €28,000, plus €4,000 per dependent child
• Single-parent families: up to €31,000, plus €5,000 per additional child beyond the first

Asset Criteria (for primary residence only):

• Total family assets (as per ENFIA) must not exceed €120,000 for a one-person household.
• Increased by €20,000 for each additional household member.

Student housing is exempt from asset limits – only income limits apply.

Estimated Reach:

• Covers ~80% of tenants, i.e. 948,000 households or 1.28 million taxpayers
• Estimated annual cost: €230 million

Based on 2024 Tax Returns (for 2023):

• 1,188,345 households declared rental expenses (primary/student housing).
• Total affected taxpayers: 1,647,971.
• Of these:
  • 1,092,901 for primary residence
  • 83,733 for student residence
  • 11,711 for both
• Total rental spending: €3.6 billion
• Average annual rent per household: €3,058

Rent Refund Examples: