The plan to put tens of thousands of homes on the market: The 25,000 properties and the social consideration

A package of interventions to increase the supply of homes and provide a solution to the housing problem is being launched by the government through social rent, and by placing on the market the stock of homes currently in the hands of Servicers.

These are two moves of immediate priority for the government’s economic staff as they are expected to provide a major respite to the housing problem currently being experienced in major cities across the country, particularly in Athens and Thessaloniki.

A top priority for the Finance Ministry is to seek appropriate arrangements that will allow some 25,000 properties owned by Servicers but which remain unused due to urban planning and other problems to come on the market.

Minister of National Economy and Finance Kyriakos Pierrakakis is already in discussions with the banks and Servicers who have submitted their proposals to resolve these issues. In the immediate future and after the decisions are finalized, it is expected that a relevant regulation will be promoted, which will address the current difficulties of disposing of this significant stock of homes in the market.

At a parallel level, the government’s economic staff is speeding up procedures for the implementation of the institution of social consideration through which the construction of housing on public properties that remain unused today will be entrusted to private individuals.

The aim is to run the tender for the first package of 1,000 public sector properties by the end of the year, perhaps earlier after the summer. These are 1,000 of the 6,500