20.02.2024
The Director-General of the European Commission has approved a housing loan interest subsidy scheme from 1 January 2022 to 31 December 2023, covering the purchase or construction of a primary residence for families with an annual income of €50,000.
Speaking at a briefing at the Presidential Palace, government spokesman Konstantinos Letimbiotis stated that the Director General of the European Commission has decided that the scheme does not contain any elements of state aid either to the credit institutions that will participate or to the individuals who are the final beneficiaries and therefore it can be applied.
The spokesman said “targeted, substantial measures to support households are at the heart of government policy.”
The annual financial cost of the scheme will be estimated at €20 million and the subsidy will cover a period of 2 years and will be 50% of the increase in interest rate between the date of the loan agreement and the date of payment of the subsidy, with a maximum subsidy amount of 2%.
He also said that the beneficiaries are households with an annual family income of up to 50,000 euros who took out a housing loan of up to 400,000 euros between 01/01/2022 and 31/12/2023, provided that it is a performing loan.
