The My Home 2 program, set to launch in January along with other residence-related initiatives from the Greek government, aims to provide low-interest housing loans for first-time homebuyers and is expected to benefit approximately 20,000 eligible individuals. The program offers loans that are 50% interest-free, funded by the Recovery Fund, with the remaining 50% as an interest-bearing bank loan. As for families with three or more children, the interest-free portion increases to 75%.
Key features of the program include:
- Age range: 25 to 50 years old
- Income limits:
- Single individuals: up to €20,000
- Couples: up to €28,000 (plus €4,000 per child)
- Single-parent families: up to €31,000 (plus €5,000 per child)
- Property criteria:
- Contract value up to €250,000
- Maximum size of 150 square meters
- Built no later than 2007
The program expands both age and income criteria compared to its predecessor. It’s part of a broader initiative to address housing affordability issues in Greece, with a total budget of €2.4 billion for housing-related programs.
Additionally, the government is implementing other housing measures, including social housing projects in Athens and Thessaloniki, and a program to provide housing for public servants in island municipalities.
These initiatives aim to tackle the growing housing crisis in Greece and provide support for various demographic groups, from young families to public sector workers in remote areas.
