Platform opened for new renovate-to-rent program

The program, with a budget of 50 million euros, according to the Ministry of Social Cohesion and Family, aims to subsidize the repair and renovation of houses with the aim of making them available for rent for at least the next three years.

The eligibility conditions are the following: to have ownership or usufruct of the property by a percentage equal to or greater than 50%; the property must have an area of up to 100 square meters and be located in a residential area; to have an annual family taxable, real or imputed, income that does not exceed €40,000 and to have real estate whose total objective value does not exceed €300,000; the property has not been declared as a primary residence, has not been declared as rented, and is declared as vacant in the E2 form that has accompanied the income tax return for the last three years; and that they have not received a subsidy for an energy saving program or renovation of a property they own in the last five years.

Kathimerini