Spiti mou 3: Greek home-loan scheme for homes up to €300,000

Greece’s “Spiti mou 3” (My Home 3) subsidised home-loan programme is expected to start in December 2026 for homes worth up to €300,000, Social Cohesion and Family Minister Domna Michailidou said on 11 November. The terms are announced, not yet published.

According to the Ministry of Social Cohesion and Family, the minister gave four changes in a radio interview:

the maximum value of the home is €300,000;
the age limit rises to 55;
the loan can reach €230,000;
income limits are widened, with no figures given yet.

On 29 October the ministry had put the start in late December. The ministry has not yet announced a ministerial decision or bank terms for the new round.

The previous round, Spiti mou II, closed its contract phase on 31 August 2026, the Hellenic Development Bank said. Banks signed 14,114 loan contracts worth €1.54 billion. The homes bought had an average market value of €152,100 and an average floor area of 88.5 m². Under the programme terms, half of each loan came interest-free, mostly from the Recovery and Resilience Facility, and half from the banks at their own rates, with an interest subsidy for families with three or more children.

What it means for buyers

For buyers abroad the effect is mainly indirect: a €300,000 ceiling brings more subsidised demand into the same price band as many city apartments. In Spiti mou II, the average home bought was worth about half of the new ceiling. Buyers looking at homes under €300,000 in Athens, Thessaloniki and other cities may meet more competing local buyers once the programme opens.

Eligibility rules, including any residence test, will be in the programme decision. We will report them when it is published.