Green light to mortgages EUR 1,145 billion has given to date the program “My House II”, paving the way for 9,540 new beneficiaries to acquire their own home.
It is one of the most ambitious housing programs of recent years, which has already left a strong imprint on the real estate market, channeling significant liquidity and providing social support to thousands of households.
THE Deputy Minister of National Economy and Finance, Nikos Papathanassisestimates that the program will be completed by the end of the year, although the resources are available by 2026.
More specifically, according to newsit.gr, Attica concentrates the lion’s share, as 38% of the approvals, namely 3,664 loans, have headed to beneficiaries of the capital.
Central Macedonia is in second place with 2,265 approvals, which also reflects high interest in Thessaloniki. This is followed by Eastern Macedonia and Thrace with 707 approvals, Thessaly with 678, Western Greece with 535 and Epirus with 348. Southern Aegean to count 106, the North Aegean 82 and the Ionian Islands 62.
It is noted that the budget absorption rate reaches 59.53%. It is also worth noting the age distribution of beneficiaries. TA person aged 40-45 received 23.34% of total loans, while people aged 45-50 received 18.89%. 14.72% of loans received people aged 37-40 years, 13.21% of 34-37 years old, 13.12% aged 31-34 years, 10.97% people aged 28-31, 5.36% of 25-28 years, while 0.37 people over 50 years of age and 0.02% from 0 to 25 years.
According to the same sources, the largest proportion of loans (58.35%) will be given to married or to people who have signed a cohabitation agreement, while 34.34% of loans will be given to unmarried and 7.31% to single parent.
A loan from 0 to 30,000 euros received 0.26% of the beneficiaries, while from 30,000 to 60,000 euros received 5.36%. From 60,000 to 90,000 euros received 16.38% of beneficiaries, from 90,000 to 120,000 euros to 26.55%, from 120,000 to 150,000 euros to 23.50% and from 150,000 to 190,000 27.95%.
The elements also give a picture of the characteristics of the houses acquired through “My Home II”. The average commercial value of real estate is around 150,000 euros, the average area reaches 88 square meters, while the average construction date is in 1982. This means that most new owners are turning to older compartments, which are renovated and adapted to modern needs.
At the same time, according to data from the Hellenic Development Bank, 58.3% of mortgage loans will be given to people with the latest clearance ranging from 12,000 to 24,000. It follows 29.29% of loans to people with the latest clearance ranging from 24,000 to 36,000, 10.23% in people with a clearance of 0 to 12,000, 2.05% in people with a clearance of 36,000 to 44,000 and 0.13% in people with more than 44,000.
Overall, the program has already mobilized more than 1 billion euros, directing liquidity to the housing market while supporting thousands of families.