Economy

The "My Home II Program" will be lauched soon with €2 billion available financing from the Recovery Fund. €400million for energy upgrade of old houses.

The purchase will be financed by funds raised from the share capital increase completed by the Company in January 2024 as well as by bank debt.

According to Geoaxis, Athens is recording a "crazy race" with an increase of over 115% in asking prices over a 10-year period.

The prices of products in supermarkets are recorded to have decreased by an average of 1.08 percent compared to August 2023.

Authorities are ramping up a push to reduce mortgage costs after the central bank encouraged such support last year and banks responded with a rare rate cut on outstanding mortgages of first homes.