They surpassed them 2,000 approvals and the 9,400 pre-approvals the loans of the “My Home” housing program for young people and new couples, according to the Public Employment Service (PYPA).

Specifically, as stated in the relevant announcement, over a period of seven weeks, from April 3 to May 22:

  • A total of 31,506 applications were submitted, of which 13,632 have already been evaluated, i.e. more than 4 out of 10 (43%).
  • Of the 13,632 assessed applications, 9,414 received pre-approval, i.e. almost 7 out of 10 (69%), with an average pre-approval amount of €112,083, while the rest were rejected as they did not meet the conditions.
  • Of the 9,414 pre-approvals, 2,071 loans have already been approved, i.e. more than 1 in 5 (22%), as a property has already been found and the legal and technical inspection has begun, with an average approval amount of 104,835 euros.
  • In total, for the 2,071 approved loans, 162,834,221 euros have been committed, i.e. 43% of the initial funding of DYPA of 375,000,000 euros.
  • 70% of the approved loans concern borrowers with an income of €12,000 to €24,000 and 15% borrowers with an income of up to €12,000, while 64% concern couples.
  • 37% of approved loans concern the purchase of a first home in Attica, 22% in Central Macedonia, 7% in Thessaly and 6% in Western Greece.

It is noted that, through the “My Home” program, young people or young couples, aged 25-39, can acquire a home, with a monthly installment significantly lower than that corresponding to market mortgages, as 75% of the capital is granted interest-free from DYPA, while, for those with three children, those with many children and those who acquire this status, the loan is interest-free in its entirety.