By Vangelis Dourakis

“Boomerang” is in danger of returning to the “war” against the housing crisis by the government’s decision to grant ‘Return’ To employees of property: It is a “common secret” that renters and property owners do not always declare the entire amount of transaction between them. After all, the Minister of National Economy and Finance Kyriakos Pierrakakis himself was also implied, saying that the “Average rent is 255 euros a month.”

To supplement immediately after that “It is not in the interest of citizens to accept that the entire rent is not stated, as the allowance will be paid on the basis of the tax return. Therefore, declare the whole rent. ”

Why ‘Return’ leads to rental increases

So, according to market players, there will be many tenants who, in order to receive the entire amount they are, will ask the property owners to normally appear in the statement the amount of the rent they pay (obvious and obscure).

And somewhere here, the data changes: this “pressure” is not excluded to push the owners – in order to “cover” the “hassle” – to overall raise the rents. And thus the ‘War against the housing crisis’ It may be a serious blow … from the inside.

On the other hand, the “revelation” of undeclared rents will boost state funds.

In addition, property owners may “interpret” the granting of “return” as reinforcing the financial capabilities of tenants. Therefore, it is not excluded that they adjust the rents accordingly, increasing the amounts they ask for.

What amounts will the beneficiaries of the rent refund receive

It is recalled that, from November this year and every year in the same month, a rent will be credited by the state a lease annually, whether it concerns a primary residence or student residence, to the bank account of the tenant.

More specifically, based on statements currently being made for the tax year 2024, 1/12 of the annual declared rent – both for the main residence and for the student residence – will be returned to the bank accounts of the beneficiaries in late November.

The maximum refund for the main residence amounts to EUR 800 for € 50 for each dependent child of the tenant. The maximum refund amount for student residence as well in 800 euros.

Income criteria adopted for beneficiaries are expanded and corresponding to those set For my home program II:

  • For the single, a maximum income threshold of 20,000 euros is set.
  • For married or part -time cohabitation, a maximum family income threshold of EUR 28,000 is set by EUR 4,000 for each child.
  • For single parent families, a maximum family income threshold of EUR 31,000 is set by € 5,000 for each additional child beyond the first.

Regarding the property criteria for renovation for the main residence, it is stipulated that the total value of family property, as specified in calculating it ENFIA This year may not exceed EUR 120,000 for a single household in 20,000 euros for each additional household member. A property limit is not set for the rented rent for a student residence.