Support measures for pensioners and renters were announced by Kyriakos Mitsotakis, following data from ELSTAT (Hellenic Statistical Authority) and Eurostat on the record surplus achieved in 2024, reaching €11.4 billion, or 4.8% of GDP. The three measures are estimated to cost approximately €1 billion [1], [2], [3].
The first measure involves a “refund” of one month’s rent every November for renters who meet specific criteria, based on their tax declaration, as explained by Finance Minister Kyriakos Pierrakakis. The refund will be 1/12 of the total rent, with a maximum amount of €800, increased by €50 for each child, and applies to rent for primary or student housing.
There is no income limit for student housing, while income criteria for primary residence align with those for the “Spiti Mou II” program: up to €20,000 annual income for singles and up to €28,000 for married couples. It is expected that 80% of renters will qualify, and the cost will be €230 million.
According to ot.gr, 54% of participants in an Alpha Bank survey consider buying a home “unfeasible,” while 39% view it as “difficult to achieve.”
The second measure involves an annual allowance of €250 for low-income pensioners, uninsured elderly individuals, and people with disabilities, based on specific expanded criteria, which will be paid every November. It applies to singles with an income of up to €14,000 and assets up to €200,000, and to married couples with an income of up to €16,000 and assets up to €300,000. It is estimated that 1.44 million citizens will be affected, at a cost of €360 million.
The third measure involves a €500 million increase in the Public Investment Program to accelerate public works, which the Minister of Finance has described as “the largest public investment program in our history.”
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