Spiti Mou II: Over 10,000 Loans – Areas with Highest Demand

“Spiti Mou II”: Over 10,000 Applications – Which Areas Lead the Demand

The “Spiti Mou II” program continues to draw significant interest, with approved applications already surpassing 10,000. This housing initiative, aimed at supporting young people and couples in acquiring their first home, is making a strong impact on the Greek real estate market.

Key Features of the Program

“Spiti Mou II” provides housing loans with favorable terms for individuals aged 25–39, covering up to 90% of the property’s value. The repayment period can extend to 30 years, while the interest rate is significantly lower than market rates. The aim is to facilitate access to homeownership at a time when rental prices continue to burden households.

Regions with the Highest Demand

According to the latest data, the areas with the most loan activity include:

• Attica: Especially the western and northern suburbs, where prices are more affordable compared to the city center.
• Thessaloniki: Neighborhoods outside the historic center show high demand, particularly for new builds.
• Patras & Larissa: Two vibrant cities with strong student and youth presence, attracting young couples.
• Heraklion (Crete) & Ioannina: Regions with a mix of student populations and stable local economies.

The geographic spread shows that the program supports not only major urban centers but also regional cities.

The Current Housing Market Picture

The success of the program comes at a time of heightened activity in the real estate sector. On one hand, rental demand is soaring, driving prices up. On the other, “Spiti Mou II” offers an alternative for those considering buying a home. Industry experts note that the strong participation of young couples may boost construction activity, especially in areas with a supply of mid-range housing stock.

Challenges

Despite the positive outlook, certain challenges remain:

• Limited stock of eligible properties in major cities.
• Price increases due to heightened demand, reducing available options.
• Loan approval difficulties in some cases, despite state guarantees.

Future Outlook

The government is considering enhancing the program—either by increasing its budget or by adjusting its terms to make it even more attractive. In any case, surpassing 10,000 approved loans demonstrates that “Spiti Mou II” addresses a real social need.

Analysts estimate that, if the trend continues, the program could become a major support lever for both the real estate market and the younger generation—many of whom have long viewed homeownership as an unattainable dream.