Public housing

The government aims to enhance national defense and address military housing shortages with new initiatives targeting completion by 2030.

Central to these efforts is an anti-aircraft and anti-drone defense system, expected to be operational by autumn 2026.

The end of 2024 is approaching, with real estate sales prices just a whisker away from historic highs, rents growing at the fastest rate since the outbreak of the inflationary crisis, and investments in real estate increasing but remaining at 20-25% of those recorded in the 2006-2008 period.

The leadership of the Ministry of National Defense is set to present a bill for the utilization of the Armed Forces’ real estate assets at today’s Cabinet meeting.

As a…pre-Christmas present, ministers will receive at the ministerial council meeting on December 23 at the Maximos Mansion the famous “blue envelopes” with the strategic priorities of their ministries, the annual action plans in other words.

The demand for high-end homes in the southern suburbs continues unabated, as evidenced by property sales from LAMDA Development and Orilina Properties REIC. Both companies are developing luxury residential projects within the Hellinikon site, with homes priced in the millions of euros.

Attica districts where there are still large and unused spaces - e.g. in the western suburbs - could, according to real estate market executives, receive investments for the development of affordable housing, either for rent or for purchase.

In Greece, we use one word to symbolize the safety and security of living in a privately-owned home: keramidi (roof tile).

Property owners can submit applications until January 31, 2025, to participate in the home renovation program for houses that will be rented to households facing severe housing issues.

Kyriakos Mitsotakis, in his weekly review of the government’s work on social media, discussed wage increases, tax and social security contribution reductions, efforts to support incomes against inflation, financial incentives to attract and retain doctors in problematic and remote areas, and the demographic challenge.

The number of loans granted under the “My Home” program has reached 7,123, totaling €685 million to date. According to a joint press conference by Deputy Minister of National Economy, Mr. Nikos Papathanasis, and Minister of Social Cohesion and Family, Ms. Sofia Zacharakis, the loans are expected to reach 9,155 by the end of the year, with the budget rising to €1 billion.