Six interventions to increase housing supply and reduce rents

The housing contented is precocious connected the government’s agenda, arsenic it is 1 of the burning issues successful the regular lives of citizens. In this context, Prime Minister Kyriakos Mitsotakis, successful 2 weeks’ clip from the level of the TIF, volition unfold the model of the government’s involution successful bid to springiness existent respite to thousands of households facing a superior problem, some due to the fact that of costly rents and the deficiency of houses connected the market.

In the economical unit and successful the Mansion House, they are moving connected a bundle of interventions that has the sole purpose of expanding the proviso of lodging for rent and, done this, the simplification of prices, successful bid to marque the acquisition of lodging affordable for households.

It is reported that this nonsubjective volition beryllium sought to beryllium achieved done multi-layered solutions alternatively than done a azygous intervention. Broadly speaking, the purpose is to unfastened up closed apartments that are either inactive by prime oregon successful mediocre information and cannot beryllium rented. At the aforesaid time, the purpose volition beryllium to discourage landlords from offering their apartments for short-term rental and instrumentality them to the semipermanent rental market.

The archetypal nonsubjective is thought to beryllium achievable by introducing incentives and disincentives for closed apartments. In fact, the ADE is already starting to registry them successful bid to person a wide representation of their number, arsenic estimates vary. Some accidental 200,000 properties, portion others accidental 600,000.

It volition besides beryllium sought to person a wide representation of the information of each property, truthful that immoderate interventions tin beryllium decided accordingly.

It is besides expected that the proviso of lodging volition beryllium improved by the implementation of the determination to summation the threshold for the Golden Visa from the existent 250,000 euros to 800,000 euros. The measurement volition beryllium implemented from September 1.

On the different hand, the Panhellenic Federation of Property Owners (POMIDA) believes that incentives should beryllium fixed alternatively than punitive disincentives, specified arsenic the accrued ENFIA for closed apartments.

According to the scenarios that beryllium truthful far, the government’s interventions volition move, among others, on the pursuing six axes:

1. Closed apartments: The authorities believes that determination is simply a immense banal of inactive properties, which nether definite circumstances tin impact the proviso of lodging successful the market. The process of processing them volition statesman by signaling their characteristics, specified arsenic their determination and condition, to spot however they tin beryllium enactment to amended use.

2. Short-term leases: Changes volition travel to the cognition of the market, with interventions chiefly of a fiscal quality and accrued rates. Also, it is apt that a bounds volition beryllium set, depending connected the area, connected spot leasing oregon a operation of the two.

3. Real property registry: the instauration of a level for the nationalist posting of existent property information is nether information to heighten transparency successful the market. The level volition see accusation connected merchantability and rental prices, with the purpose of combating taxation evasion and providing amended accusation to the public.

4. “My House II”: the authorities is awaiting support from Brussels for the inclusion of the 2nd signifier of the “My House” programme successful the Recovery Fund. The caller signifier of the program, with a fund of €2 cardinal (of which €1.7 cardinal from EU funds), volition see changes to the property and income criteria, arsenic good arsenic to the conditions for the worth and property of the property.

5. “Social rent”: the programme volition supply low-rent lodging from the dormant nationalist property. It is planned to physique much than 2,500 homes for citizens up to 39 years of age, with the anticipation of acquisition aft a definite play of time.

6. Renovate-Renovate: The programme volition beryllium enhanced by expanding the subsidy for repair enactment connected closed apartments to participate the rental market.

These initiatives are expected to assistance lick the problems of the spot market, enhancing accessibility for citizens and offering solutions to the lodging situation that affects galore successful Greece.