Greece will launch its “Renovate-Rent” platform on June 15th, offering financial assistance to property owners who renovate properties to then rent them out. The program aims to increase the availability of rental housing and improve the quality of existing buildings. Beneficiaries can receive subsidies covering up to 95% of renovation costs, dependent on their family status. The exact percentage of funding will vary based on individual circumstances, with lower income households potentially receiving higher support. The initiative is part of a broader government effort to address housing affordability and stimulate economic activity within the construction sector. Details regarding eligibility criteria and application procedures will be available on the platform’s launch date. The program is expected to encourage investment in property upgrades and expand the long-term rental market.