By Vangelis Dourakis

“Ice” has been doubling the subsidy for residence renovation work granted through the “Renovation – Rent” program: The relevant adjustment to the existing program goes from … month to month, with the relevant information indicating that the decision on increased funding will be funded. adopted in February. In any case, the market for months has been waiting for the change announced by the government, so few so far show interest in applying.

Specifically, according to the relevant planning, the subsidy for vacuum renovation rises to EUR 8,000, which corresponds to 60% of the cost of costs up to € 13,330. Indeed, as the relevant ministries have announced, those who have already joined the “renovation- rented” will be given retirement amounts of up to 4,000 euros.

Doubles the amount of the ‘renovate renovation’ subsidy

So far, through the “renovate-renovate” program, the potential beneficiary could receive an amount of 4,000 euros to fund “vacuum” renovation work to “drop” it again.

This amount accounts for 40% of the costs that a property owner will make to renovate his vacant house with a limit of 10,000 euros.

The program will now be “upgraded” and the amount of the subsidy will double to reach 8,000 euros.

However, the relevant adjustment of the amounts of the subsidy has been on the ice, despite the fact that the program had been “advertised” as a “part” of the effort that the government is making to tackle the infamous housing crisis.

Strengthening through the “Renovated-I rent” program is given to those who renovate their vacant apartments in order to seek employees.

However, it remains a prerequisite for the apartment to be declared “empty/closed” for 3 years in E2.

“Renovate” is subsidizing a number of expenses for the owners to renovate homes that are empty today, with the commitment to lease them for at least three years.

Who are the beneficiaries of the subsidy

The program can be subject to natural persons, owners or usufructants of property using a residence for a property using a residence, provided that the following five conditions are met:

  • Beneficiaries have the full ownership or usufruct of the property equal to or greater than 50%.
  • The property (apartment or house) has an area of ​​main spaces up to 100 sq.m. and is located in a residential area.
  • Beneficiaries have an annual family taxable, real or imputed, income not exceeding 40,000 euros and have real estate whose total value does not exceed EUR 300,000. An annual family income means the total annual taxpayer, real or imputed, as well as
  • the exempt or taxpayer in a special manner income of spouses or parties of cohabitation and protected children.
  • The property has not been declared as a first residence, has not been declared leased and is declared a gap in form E2 that accompanies the income tax return for the last 3 years.
  • Beneficiaries have not received a subsidy for energy saving or renovation program for their property for the last 5 years and have not been included in subsidized energy savings programs for any of their property, ie from 1.1.2019 onwards.

Indicatively, costs can include work on bathroom renovation, kitchen, door -to -door replacement and internal door replacement, replacement or repair of electrical and hydraulic installations, building blocks, coatings, tiles, colors and other corresponding work.

The costs of purchasing the necessary materials, costs for any IKA insurance contributions for the operations and engineer expenses for any licenses, approvals or studies are provided.