“Anakainizo” Enters Phase Two: What “Anakainizo – Noikiazo” Taught Us
Greece’s “Anakainizo” (Renovate) programme is moving into its second phase. About 94,000 owners hold an eligibility certificate, 14,000 for closed homes and 80,000 for owner-occupied ones. The certificate is not an approval.
During October, the funding application is filed through the system of the Technical Chamber of Greece, with an intervention plan and costed works. Closed homes go first. For owner-occupied homes, income criteria decide, not the date of the certificate. With a budget of €500 million, press reports estimate 20,000 to 25,000 homes. Not everyone will be funded.
The first programme, “Anakainizo – Noikiazo” (Renovate – Rent) run by the public employment service DYPA, is smaller: a 60% subsidy on costs of up to €13,500, with an obligation to let the property for three years. Its rules, however, show where the money is lost. Four lessons.
First, the data decide, not the declaration. DYPA cross-checked tax returns, property declarations and registered leases automatically, and an approval could be revoked if it later turned out that the conditions were not met. In the new programme too, the initial data can be checked again. Ask an engineer for a legality check now. The Energy Performance Certificate and the Electronic Building Identity must be submitted within three months, and a planning irregularity is not resolved in a week.
Second, payments go through the bank only. In the first programme, only card payments from the bank of the declared IBAN count, and only to specific categories of businesses. In the new one, the advance of 60% of the subsidy is released after the owner has paid 40% of their own contribution through the bank. Cash and deals without an invoice have no place.
Third, deadlines are not easily extended. In the first programme, payments must be made within six months and the lease registered within nine, or the approval is revoked and the advance repaid. In the new one, works must be completed within 18 months of the decision and by 31 December 2028 at the latest. Line up a contractor before you apply, not after.
Fourth, the commitment lasts longer than the works. In the first programme it is a three-year lease, with the subsidy repaid pro rata for any missing months. In the new one it is five years: a closed home is either owner-occupied or let long term, at a fixed rent for the first three years and with no short-term letting. If it is sold within the five years, the subsidy is repaid.
The numbers: up to €300 per square metre and €36,000 per home, with 20% to 40% of the budget going to energy upgrades. The details of phase two are finalised when the platform opens, so check the official guide before you submit.
Our read: the subsidy is generous, the commitment is five years. Before applying, it is worth knowing what rent and what value the property will have afterwards. Delfi Properties works with owners on that assessment, alongside their engineers and advisers.
What’s your read?
Sources: Article 9 of Law 5006/2022 · DYPA, “Questions and Answers on the Anakainizo – Noikiazo Programme” · gov.gr · Proto Thema and To Vima, 2 October 2026 · ERT, 17 July 2026.
General information, not legal or tax advice. Please consult an engineer and an accountant about your own case.