Hatzidakis announces ‘social exchange’ housing programme by end year

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The first tender that will allow private companies to use state-owned real estate for construction, in exchange for building social housing alongside commercial properties, will take place before the end of the year, National Economy and Finance Minister Kostis Hatzidakis said on Friday, at the “Real Estate and the Greek Economy: new roads, prospects and opportunities” conference.

He also outlined government policies for increasing the stock of affordable housing, welcoming figures showing an increase in construction.

Hatzidakis said that talks were underway with the European Commission for continuing the “My Home” low-interest housing loans for young couples, while the ministry was re-examining the incentives for the “Renovate-Rent” programme that has not had the expected results.

He said the margins for further reducing property tax were were limited, while repeating that action to use state property had delayed and would not proceed at a rapid pace.

Source: ANA – MPA

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