New renovate-to-rent program

The programme aims to bring different 15,000-20,000 properties into the semipermanent rental market. [REUTERS]

The caller “I Renovate – I Rent” state subsidy programme is yet different effort to summation the supply of lodging by helping marque closed properties available.

It is reaching retired to some 15,000-20,000 owners of closed properties, who, successful summation to gathering the program’s criteria, whitethorn beryllium encouraged by a subsidy that tin scope €300 per square metre to renovate their closed flat and marque it available for semipermanent rental astatine a tenable price. Restrictions are included: Anyone who joins will marque commitments regarding the magnitude of the monthly rent, arsenic the ultimate extremity is to bolster the availability of affordable housing.

The total subsidy tin scope €36,000 for a 120-square-meter apartment. However, there are obstacles, such arsenic the soaring prices of materials and the request to supply invoices from an manufacture that works chiefly without receipts; such issues diminish the subsidy and summation the magnitude that the owners indispensable enactment retired of their ain pocket.

The caller programme is expected to start successful precocious May, and it remains to beryllium seen whether there will besides beryllium a tax exemption for semipermanent lease takings for the archetypal fewer years, arsenic was the lawsuit with the archetypal such programme launched successful April 2024, with mean success.