Greece concludes Spiti Mou II housing program with €1.54 billion in contracts

The “Spiti Mou II” housing loan program has concluded its contracting phase as of August 31. Managed by the Hellenic Development Bank, the initiative provided interest-free loans funded 50% by the Recovery and Resilience Facility and 50% by participating credit institutions.

Official data shows that 15,097 loans worth €1.82 billion were approved, with 14,114 contracts totaling €1.54 billion signed. The program provided €943.2 million in public support, mobilizing real estate transactions exceeding €2.15 billion. The average loan amount was €120,400.

The program targeted households with limited access to mortgage credit. Approximately 66.6% of beneficiaries have an annual income up to €24,000, while only 0.58% exceed €44,000. The average beneficiary age is 38, with 41% aged 36 or younger. The program also supported single-parent families, large families with three or more children, and individuals with disabilities.

Following the conclusion of this cycle, the Greek government is considering a third phase, “Spiti Mou 3.” This proposed expansion, part of the National Housing Strategy 2026-2035, could involve a €500 million budget to benefit approximately 16,000 households, potentially featuring more flexible income criteria and updated property age limits.