Greek authorities announced a bundle of measures successful the existent property sectorwhich, according to the government, should summation the supply of lodging connected the marketplace and assistance trim prices.
However, down the large statements there are hiddenboth existent bonuses and important risks – For owners, tenants and buyers.
Printed variation “Οικονομικός Ταχυδρόμος” successful the Sunday variation of the paper “Το Βήμα” analyzed successful item the authorities initiatives announced connected the time the state fund was adopted, arsenic well arsenic their applicable consequences.
The intent of the measures is to stimulate the merchandise of closed properties onto the marketplace and astatine the aforesaid clip curb terms increases. However, the details of regulation, terms and conditions of execution rise questions among marketplace participants.
Housing superior repair program
The cardinal constituent of the bundle was a large-scale government backing for renovation of residential properties. The programme provides subsidies up to 90% of the outgo of work.
The total programme fund is 400 cardinal euros. Maximum subsidy magnitude – 36,000 euros per property. The measurement is aimed astatine restoring aged and long-vacant apartments.
The income threshold is acceptable astatine 35,000 euros for a joined couplewith an summation successful the bounds by 5,000 euros for each child.
What bash owners get?
Owners of closed and bare properties person the accidental to wholly renovate their location and enactment it connected the marketplace – some for merchantability and for semipermanent rental.
TOMATO evaluates the measurement positively, noting that it meets the urgent request for the modernization of aged lodging stock successful cardinal and advantageous areas of cities. However, the federation emphasizes the request to:
- reduction of bureaucratic procedures;
- accelerating the outgo of subsidies;
- clear regularisation of backing shares for antithetic categories of applicants;
- limited and tenable play of mandatory lodging downtime.
Previously, akin programs were not fashionable precisely due to the fact that of lengthy procedures and delays successful payments, which often led to owners refusing to participate.
According to marketplace estimates, a subsidy of 36,000 euros allows you to wholly renovate an flat of up to 100 square meters. m, importantly expanding its marketplace value and rental yield.
Tax changes and rental income
An further inducement was the simplification successful the tax burden. Rental income received successful 2026 and declared successful 2027 will beryllium taxed astatine a reduced rate.
For yearly income from 12,001 to 24,000 euros tax complaint is reduced from 35% to 25%.
Minister of National Economy and Finance Kyriakos Pierrakakis stated that the measurement would impact much 160,000 owners and is aimed astatine bringing closed apartments to the semipermanent rental market.
Refund of rent
At the aforesaid time, a mechanics is introduced refund of 1 rental outgo per year. The introduction into unit of the norm has been postponed from January 1 to April 1, 2026to make a banking power infrastructure and springiness citizens clip to adapt.
Violation of requirements entails consequences:
- for landlords – nonaccomplishment of 5% of the non-taxable information of income;
- for tenants – nonaccomplishment of the close to lodging benefits.
It was separately announced that 50,000 teachers, doctors and nursesthose working extracurricular of Athens and Thessaloniki will person a refund two rent payments per year careless of income level.
Short term rental restrictions
Caused superior contention new restrictions connected short-term rentalswhich present widen to the halfway of Thessaloniki.
In Athens and Thessaloniki, when selling a spot antecedently used for short-term rentals, it will beryllium automatically excluded from the applicable register.
POMIDA warns that this signifier causes nonstop harm to spot rights, particularly successful cases of sale, acquisition oregon inheritance, since it really depreciates the value of the object.
Private concern and affordable housing
The caller concern absorption involves the operation oregon refurbishment of lodging exclusively for semipermanent lease for a play of astatine slightest 10 years.
Rental income should beryllium deducted from the tax base, and the maximum level of rent will beryllium acceptable centrally.
Experts see the thought promising, but warn that without afloat tax transparency and stable rules, backstage developers whitethorn garbage to participate.
Division of ample apartments
The inaugural of the Ministry of Environment to simplify the transfer of non-residential and dilapidated properties into lodging stock with tax incentives is besides assessed positively.
However, the marketplace indicates the request for further measures – legislative support to disagreement ample apartments into smaller oneseven successful cases where this is prohibited by the statutes of flat buildings. This would let us to rapidly summation the supply of small and affordable apartments.
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