DistantNews
Support us
New 'Renovate' Program in Greece Offers Up to €36,000 for Home Upgrades
🇬🇷 Greece /Economy & Trade

New 'Renovate' Program in Greece Offers Up to €36,000 for Home Upgrades

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Greece is launching a new "Renovate" program offering up to 36,000 euros for home renovations.
  • The program aims to bring vacant properties back into the rental market.
  • Implementation will occur in two phases, detailing eligibility, amounts, and application procedures.

Greece is set to launch a revamped "Renovate" program designed to revitalize its housing market by incentivizing the refurbishment of vacant properties. The initiative offers substantial financial support, with eligible homeowners potentially receiving up to 36,000 euros to undertake renovations.

The primary objective of the "Renovate" program is to encourage property owners to bring currently unoccupied homes back into circulation as rental units. This aims to address housing shortages and stimulate economic activity within the construction and renovation sectors.

The program's implementation will be structured in two distinct phases. These phases will outline the specific criteria for eligibility, the exact amounts of funding available, and the procedures for submitting applications. The initiative targets a significant return of closed properties to the rental market, offering a substantial boost for both property owners and the broader economy.

DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog