According to Minister of Social Cohesion and Family Sofia Zacharaki, applications for the “Spiti Mou 2” (meaning “My Home 2”) program will open in the first half of January. [1], [2] The program aims to make first-time homeownership more accessible for lower-income groups by providing low-interest housing loans.
With a budget of €2 billion, funded by the Recovery Fund and bank capital, the program will benefit 20,000 eligible individuals aged 25 to 50. Eligibility is based on income criteria: up to €20,000 for single individuals, up to €28,000 for couples (plus €4,000 for each child), and up to €31,000 for single-parent families (plus €5,000 for each additional child).
Last year’s “Spiti Mou 1” program had a €500 million budget and supported 10,000 beneficiaries aged 25 to 39.
Eligible homes must not exceed 150 square meters, must have been built no later than 2007, and must have a contract value of up to €250,000. Loans can range from 3 to 30 years, with amounts up to €190,000, covering no more than 90% of the property’s value.
The loan structure is as follows: 50% is interest-free, while the remaining 50% has a low interest rate of less than 2%. The interest-free portion increases to 75% for families with three or more children.
The availability of homes meeting these criteria is limited in the Attica region, with 55% located in the city center and southern suburbs. According to a recent study by Spitogatos in the Thessaloniki region, 50% of eligible homes are within the Municipality of Thessaloniki.
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