New Framework Designed to Keep Households Housed
A state backed acquisition and leaseback system is being established to help roughly 20000 vulnerable households avoid losing their homes by offering up to 12 years of subsidized rent and a future buyback option.
The initiative forms part of Greece efforts to tackle the housing crisis under Bankruptcy Law 4738 2020 and is scheduled to begin operating in summer 2026 following the recent launch of the tender’s second binding phase.
How the Scheme Will Operate
The new agency will allow eligible homeowners to remain in their residences as tenants rather than face bank repossession.
Private investors will purchase properties from households unable to meet mortgage obligations, a process intended to prevent forced auctions.
The state will cover rent payments for up to 12 years, giving occupants greater stability during financial hardship.
Households whose finances improve during this period may exercise the right to repurchase their homes.
The government expects this mechanism to curb evictions and auctions while reducing the number of long term vacant properties created by lengthy enforcement procedures.
Average property values entering the program stand near 100000 euros, with purchases made at approximately two thirds of market value.
Eligibility Requirements for Participation
Access to the scheme requires certification as a vulnerable debtor through the official government platform of the General Secretariat for Financial Sector and Private Debt Management.
Income up to 7000 euros for a single person household
Income up to 21000 euros for families with children
Property values must not exceed 120000 euros with additional allowances for larger families, while asset thresholds mirror those used in the Housing Benefit program.
Tender Process and Participating Investors
On December 29 2025 authorities opened the second binding stage of the tender for investors interested in operating the Acquisition and Leaseback Agency.
The conclusion of this phase will determine the contractor responsible for launching and managing the new body.
Bain Capital Credit
Christofferson Robb and Co LLC
Fortress Credit Corp
Resolute Cepal Greece
These entities may submit binding offers either individually or in consortiums.
An interim support program remains active until the agency begins full operation, pausing home foreclosure procedures while providing state subsidies of up to 210 euros for monthly loan repayments.
