Radical Reorganization in Housing Policy: From "My House II" to "III"

The government is making a strategic shift in its approach to subsidized housing, as the current program has run into the limited availability of properties. The inability of the existing housing stock to meet the strict age criteria is leading to the early termination of “My Home II” and its immediate replacement with a more flexible framework.

Key Points of the Change

• Early End: According to Euro2day.gr, the "My Home II" program will definitively end on June 2, 2026, instead of August 31 as originally planned.

• The "Thorn" of Age:  The requirement for properties with permits issued after 2005 proved unrealistic, causing an artificial shortage and an unjustified surge in prices for the few available properties.

• New Strategy with "My Home III":  The new program, approved by the European Commission, aims to liberalize the market by allowing the purchase of older properties& and by considering the expansion of income criteria.

What Borrowers Need to Keep in Mind

The sudden change in the deadline leaves little time for those who are already in the process of applying.

Please note: Those who have received approval but do not finalize the loan agreement and the purchase by June 2 will be removed from the system. These individuals will have to start the process from scratch in the third cycle of the program.

Program Overview

Size	Amount / Status
Total Budget	2 billion. €
Total Enrollments	€1.6 billion
Loans Disbursed	€1.1 billion
Unallocated Funds	They are being moved to "My Home III"

Conclusion

The transition to "My Home III" is a realistic move. By incorporating older buildings in urban centers, the government aims to ease price pressures and offer practical solutions in a market that is now suffocating, transforming housing policy from a “hunt for scarce properties” into an accessible social tool.