Strengthening the construction industry and the real estate market aimed at increasing the residential reserve, with the erection of new houses and upgrading the existing building potential is a key priority of the government, the Deputy Prime Minister of Kostis Hatzidakis said Tuesday. Greece.

In this context, as stated in a statement by the Deputy Vice -President of the Government, 5 beams of interventions are implemented, including adjustments to the institution of social consideration in order to become more attractive and effective, while further interventions in taxation or adoption of new initiatives will depend on its overall budget.

“The recent government’s decision – Mr Hatzidakis – made a rent to the tenant’s rental and the 2025 decision of the tax deduction of 100% for energy, operational and aesthetic buildings, is evidence that the government continues to raise the issue of high priority. In this context, the Prime Minister’s announcements at the TIF in the fall will confirm our commitment to continue on the path of fiscal responsibility, reforms and returning benefits to society – with plan, consistency and realism. “

The interventions already implemented or launched next time are:

1. Reduction of tax on real estate. ENFIA declines have already been implemented by 35% and an additional 20% for insured houses, VAT suspension and surplus tax, the abolition of 3 years of income tax for closed houses, or converted from short -term to long -term leasing, increased tax deduction and tax deduction.

2. Increase roofing. In this regard, the “save”, “renovate – rent” programs operate, in which the subsidy has doubled from 4,000 to 8,000 euros, “upgrade my home”. “We would like to do more. And for development reasons – but also for political reasons. But we must move responsibly, without exceeding the country’s fiscal strengths, “the vice president said in this case.

3. Utilizing public real estate, with the aim of increasing the real estate supply. “The most emblematic intervention – said Mr. Hatzidakis – is the institutionalization of social consideration. Through it, public real estate that today remains unused can be used for the construction of modern houses. With one of them – at least 30% – to be offered to beneficiaries with affordable rent and social criteria. While redemption is also given. The competent ministry is working and will soon be voted on by the existing framework to make it more attractive and effective. “

The changes promoted foresee:

  • Ability to sell the percentage of social housing houses for sale – so that the investment can be more immediately damaged.
  • Possibility of rebuilding existing buildings, in addition to building new plots.
  • Establishment of a Central Body for Social Housing Management and Electronic Registry of Works and Beneficiaries – to enhance transparency and effective needs.

4. Improvement of a regulatory framework with the preparation of local and special planning plans. “The issues created recently with the CoE’s decisions highlight the need for such a context,” the Deputy Prime Minister said. “I absolutely respect the need for modern urban planning rules. I also know that property itself can be discredited if there are anarchic residential developments. On the other hand, however, I do not have the right to ignore the need for cheap home, treatment of demographic, rural rejuvenation. But also the constitutional forecasts of protecting ownership and encouragement of regional development. “

In this context, the regulation for the new building regulation is moving, followed by the Ministry’s responsible intervention for the construction of the settlements, which “will take into account the provisions of the Constitution for the protection of the environment and the constitutional regulations aimed at protecting the family and supporting decentralization”.

5. Coordination of the relevant ministries with three actions:

  • Establishment of a permanent inter -ministerial committee for the mortgage, with the participation of all relevant Ministries. The discussion will take place tomorrow at the cabinet.
  • Creation of a special digital platform where citizens will be able to get to know all the affordable roof policies and easily find any program that fits their profile.
  • Establishment of a housing policy for regular, monthly monitoring of both market prices and the absorption of government programs.

The deputy prime minister underlined the new historic record in 2024 in direct foreign investment in the Real Estate industry with an influx of 2 billion euros and the increase in building activity expected to return after the legislative intervention for the NOK. He described as a myth that the only investments made in Greece relate to real estate, as in fact the share of investment in this sector in our country is 12 points lower than the EU. The second myth, he said, is that the housing pressure that many households have been experiencing in recent years. “Of course, he stressed, there are some distortions that need to be tackled. But the main cause is supply deficiency, especially in high demand areas. “

“We do – Mr. Hatzidakis – we do – a multilevel effort that responds to the needs of all those involved: owners, investors, manufacturers, and – of course – buyers and tenants. Our goal is to keep balance. To support growth, but also to ensure social cohesion. To encourage building activity, but without leaving anyone behind. We are creating a stable and friendly home investment environment. We strengthen building activity by giving incentives and at the same time providing substantial support, the largest we can, to citizens who face increased housing needs. We continue with a spirit of cooperation with the market, with plan and realism. For a modern and powerful real estate market that will create opportunities for investment, quality of life for citizens and prospects for future generations. “