Among the housing measures unveiled by Prime Minister Kyriakos Mitsotakis in
Among the housing measures unveiled by Prime Minister Kyriakos Mitsotakis in Parliament on Tuesday, Dec. 16, one stands out—not so much for its immediate social impact as for its ambition to reshape the market itself. It is a new framework of incentives aimed at developers and private investors, designed to boost the construction of homes reserved exclusively for long-term rental.
The government now concedes that the housing crisis is driven primarily by a lack of supply. For years, construction focused on luxury homes and short-term rentals, sidelining affordable housing—a trend the new measure aims to reverse.
A shift in philosophy
Under the new framework, developers and investors will be allowed to build or convert properties exclusively for long-term rental, with a ten-year commitment. In exchange, rental income will be tax-deductible and rents capped, signaling a shift from subsidizing demand to actively incentivizing housing supply.
The rest of the housing package
Beyond incentives for developers, the package includes measures to unlock idle housing and support targeted groups.
First, a large-scale home renovation program is being launched, offering subsidies of up to 90% of renovation costs. Financial support can reach 36,000 euros per property, with the goal of
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
