“Housing Renovation” initiative sees overwhelming demand

The program has a budget of €500 million and aims to increase the available housing stock and expand the supply of residential properties through the financing of renovation works and moderate energy-efficiency upgrades. It is targeted at low- and middle-income households.

Eligible Beneficiaries

The program is open to individuals who are:

• Owners or usufruct holders of a vacant residential property, which, upon completion of the works, will either be used as a primary residence or made available for long-term rental.
• Owners, usufruct holders, or bare owners of a dwelling that is already being used as their primary residence.

The residential property must continue to be used for the declared purpose for at least five years following the completion of the project.

Grant Amount

• Up to €36,000 per dwelling.
• Up to an additional €2,500 for studies, permits, and inspections.
• Grant coverage of 80% for beneficiaries in Income Category I.
• Grant coverage of 70% for beneficiaries in Income Category II.

The subsidy rate may be increased by 5 percentage points for each of the following cases:

• Properties located in mountainous or island areas.
• Single-parent, three-child, or large families.
• Persons with disabilities or households that include a family member with a disability.

The maximum total subsidy may reach up to 95% of eligible costs.

Property Eligibility Requirements

Eligible properties must:

• Have a building permit issued no later than 31 December 1990.
• Be legally established and not designated for demolition.
• Belong to Energy Performance Category C or lower.
• Have a maximum main living area of 120 sq.m., or up to 150 sq.m. for families with three or more children.

Renovation works must account for 60%–80% of the total project budget, while energy-efficiency upgrade works must represent 20%–40% of the total budget.

Properties included in the program may not be used for short-term rental purposes for at least five years following the completion of the works.

Application Process

The Eligibility Certificate may be issued electronically until 31 July 2026 through the designated online platform using Taxisnet credentials.

During the application process, an automated verification of income and other eligibility criteria will be carried out, following which the relevant certificate will be issued.

The issuance of an Eligibility Certificate does not constitute automatic inclusion in the program or approval of funding. In a second stage, eligible applicants will be invited to submit a funding application for up to one vacant dwelling and up to one occupied dwelling.