Greece launches housing renovation subsidy scheme covering up to 95% of costs

Greece is launching the 'I Renovate' programme in June, a state initiative for property owners seeking to modernise their homes. The scheme covers full renovations and energy efficiency improvements, including window replacement, insulation upgrades, and new heating and cooling systems.

The first phase aims to support 20,000 properties. Subsidies will cover up to 95% of project costs—substantial support for those who have long deferred maintenance. For investors holding Greek real estate portfolios, the improvements offer particular appeal: upgrades enhance both property value and rental potential.

Property owners in Greece should prepare documentation in advance. Programmes of this scale typically fill quickly.

Source: GreekCityTimes Real Estate