The goal of the “Renovate – Rent” program is to get approximately 12,500 closed properties into the housing market, after the owners first renovate and upgrade them in terms of energy efficiency.
This is the new program that will help thousands of owners of old houses and apartments to proceed with their energy upgrading and renovation in order to use them in the future, provided that they rent them for at least three years.
Criteria and Conditions
According to the estimates of the competent ministries, approximately 12,500 empty houses can benefit from the new program, as long as their owners follow the necessary procedures.
Specifically, the subsidy from the state amounts to 40% of the costs that the owner will make, for work and materials, while the maximum subsidy is 10,000 euros.
The houses must not be larger than 100 sq.m. and should be located in a residential area.
It is a prerequisite that the works and materials have all been purchased on regular invoices, which should then be submitted electronically to avoid tax evasion. In the event that someone renovates his property with black money and without proof, he will not be able to receive the subsidy.
At the same time, according to the protothema, after the owner will do the renovation, it is necessary to rent the property for three years and the way this is proven is when he submits the invoices to receive the subsidy, submits the electronic lease together, which proves that he has already found the person or persons who will rent the house.
Who are the beneficiaries of the “Renovate – Rent” program
As far as the beneficiaries are concerned, these are the owners or beneficiaries of residential property for a residential property of theirs, provided that:
a) own or usufruct the property by a percentage that exceeds fifty percent (50%),
b) the property has an area of up to one hundred (100) square meters (sq.m) and is located in a residential area,
c) have an annual family taxable income, real or presumed, that does not exceed forty thousand (40,000) euros and have real estate, the total value of which does not exceed the amount of three hundred thousand (300,000.00) euros,
d) the property has not been declared as a first residence, has not been declared as leased and is declared as vacant on the E2 form accompanying the income tax return of the last three (3) years, and
e) the beneficiaries have not received a subsidy for an energy saving or renovation program in their property in the last five (5) years and have not joined subsidized energy saving programs for any of their properties.
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