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> Economy

Housing renovations at the heart of the new government’s plan

Transfer of funds from the NSRF for interventions beyond energy upgrading - The programme is currently being negotiated with the EU

Newsroom October 2 12:47

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The government is putting forward a new housing plan that goes beyond the confines of the government’s plan. It will not just be about energy upgrades, but also complete home renovations to get more homes on the market. The scheme is currently being negotiated with the European Commission, to be funded by the 2021-2027 NSRF review and the transfer of funds from other projects to housing.

 

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“Door opened” for rent caps, cheaper mortgages, a new Golden Visa & reduced VAT for social housing

New subsidy scheme seeks to bring vacant homes back onto the market

Housing: Subsidy up to €36,000 from May for 30,000 renovations – 20 properties on the market in 2026 for social housing

As Deputy Minister of National Economy and Finance, Nikos Papathanasis had said, the problem cannot be solved only with “Ex Economo”, a broader tool is needed that also catches renovation, to increase the supply of available housing.

 

 

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