{"id":1394,"date":"2026-04-19T11:52:00","date_gmt":"2026-04-19T08:52:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=1394"},"modified":"2026-04-19T11:52:00","modified_gmt":"2026-04-19T08:52:00","slug":"countdown-for-the-new-renovate-coming-in-june-with-up-to-95-subsidy-and-extended-beneficiaries","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=1394","title":{"rendered":"Countdown for the new “Renovate” – Coming in June with up to 95% subsidy and extended beneficiaries"},"content":{"rendered":"

In early June, barring an unforeseen event, the new program “Renovate.”<\/strong><\/p>\n

The goal of this program is to substantially recover costs and return thousands of property currently sitting unused or in poor condition to the market. <\/p>\n

Compared to the previous version, which had limited appeal, the new program attempts to act as a housing policy<\/strong> tool with a more comprehensive approach. <\/p>\n

Two mandatory strands<\/h3>\n

The key change is the new structure. Specifically, the program is divided into two strands including renovation<\/strong> and energy upgrades<\/b>, both of which are mandatory in the sense of making substantial interventions rather than superficial solutions. <\/p>\n

What is covered by refurbishment<\/h3>\n

The refurbishment<\/strong> strand includes essential work that makes a property fully functional: <\/p>\n

    \n
  • plumbing<\/strong> and electrical<\/strong><\/li>\n
  • masonry reinforcement<\/li>\n
  • repairing damage<\/li>\n
  • flooring replacement<\/li>\n
  • complete renovation kitchen<\/strong> and bathroom<\/strong><\/li>\n
  • painting<\/strong><\/li>\n<\/ul>\n

    These are interventions that until now have been a major obstacle for many owners. <\/p>\n

    Energy upgrades on softer terms<\/h3>\n

    The second strand is for energy upgrades<\/strong>, with more flexible requirements compared to the “Execonomy” scheme. <\/p>\n

    Included: <\/p>\n

      \n
    • new frames<\/strong> with thermal insulation<\/li>\n
    • installation of a solar water heater<\/strong> or other renewable energy sources<\/li>\n
    • replacement of heating<\/strong> and cooling<\/strong><\/li>\n<\/ul>\n

      Energy Upgrade<\/strong> <\/h3>\n

      The energy upgrade<\/strong> component completes the programme, with more flexible conditions than actions such as the ‘Save’ scheme. The interventions concern the replacement of windows<\/strong> with thermal insulation, the installation or upgrade of solar water heaters<\/strong> or other renewable energy systems<\/strong> for hot water, as well as changing heating<\/strong> and cooling<\/strong> systems, such as heat pumps or biomass boilers. At the same time, targeted thermal insulation<\/strong> is also planned. In order for the intervention to be approved, at least three works are required, two of which must be basic works of low technical difficulty. <\/p>\n

      The allocation of the budget<\/strong> is predetermined and gives clear weight to the substantial upgrade of the property. The largest part, i.e. 60% to 80%<\/strong>, is directed to renovation<\/strong> work, while the remaining 20% to 40%<\/strong> is for energy improvements. This model ensures that the property becomes functional first, without falling behind in energy efficiency. <\/p>\n

      A key element is the obligation to energy upgrade<\/strong> the property by at least one category. Homes that join the program must be energy improved from low categories, such as C to H<\/strong>, which is demonstrated through the Energy Performance Certificate (EPC)<\/strong> before and after the work. <\/p>\n

      In terms of funding, the new “Renovate”<\/strong> has a total budget of 500 million. It aims to renovate 15,000 to 20,000 homes<\/strong>, mainly old apartments. The subsidy is calculated per square metre, with a ceiling of 300 euros\/sq m<\/strong>, while total aid can reach up to 36,000 euros<\/strong> per property. <\/p>\n

      The basic subsidy<\/strong> rate is set at 80%<\/strong>, with the possibility of increasing through increments. An additional 5%<\/strong> is provided for properties in rural<\/strong> and insular areas<\/strong>, and another 5%<\/strong> for special groups such as three children<\/strong>, parents<\/strong> and people with disabilities<\/strong>. These increases combine to bring the rate up to 90%<\/strong>, significantly reducing the same participation rate. <\/p>\n

      The expansion of eligible<\/strong> properties is also significant, as the program covers both foreclosed<\/strong> and inhabited properties<\/strong> across the country. In the case of closed homes, the condition is either ownership<\/strong> or long-term rental<\/strong> for at least five years. A similar obligation applies to principal residences. <\/p>\n

      Special provision is made for the use of real estate, as Airbnb-type short-term rentals<\/strong> are prohibited for five years after completion of the work. This regulation aims to boost long-term rentals<\/strong> and increase the availability of housing. <\/p>\n

      The income criteria<\/strong> are broadened, covering a larger part of society. The limit goes up to 25,000 euros<\/strong> for single people and 35,000 euros<\/strong> for couples, with an additional 5,000 euros<\/strong> for each child. There are also special arrangements for single-parent households<\/strong>, and total family income is taken into account. <\/p>\n

      At the same time, there is no restriction on the number of applications per owner nor any age limit<\/strong>, which facilitates participation and reinforces the goal of increasing the supply of housing. <\/p>\n

      The need for such interventions remains strong as the cost of housing<\/strong> continues to squeeze households. Increases in key materials such as iron<\/strong>, aluminum<\/strong> and wood<\/strong>, combined with high energy costs<\/strong>, drive up construction costs and, by extension, sales and rental prices. <\/p>\n

      Eurostat<\/strong> data show that Greece ranks among the top in Europe for households spending more than 40% of their income<\/strong> on housing. Despite small improvements compared to previous years, the burden remains significant, especially in relation to purchasing power. <\/p>\n

      .<\/p>\n","protected":false},"excerpt":{"rendered":"

      \n At the beginning of June, barring an unforeseen event, the new “Renovate” programme will be launched.<\/p>\n

      The aim of this programme is to cover …<\/p>\n","protected":false},"author":1,"featured_media":1395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/1394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1394"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/1394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/1395"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}