The year 2026 marks a significant shift in Greece’s construction sector. It is not just another year of subsidies; it is the moment the focus moves from purely energy-related upgrades to the functional renovation and aesthetic enhancement of your home. With the new “Renovate 2026” program, the state enables homeowners to substantially modernize their properties, improving their daily quality of life.
At Smart Construction, as experts in high-end renovations in Chania, we have prepared this detailed guide to help you navigate these new financing opportunities and transform your property.
What’s New with the “Renovate 2026” Program?
With a total budget of €500 million, this program aims to fully renew approximately 20,000 residences. The major news that differentiates “Renovate” from the classic “Exoikonomo” (Energy Efficiency) programs is its flexibility: For the first time, 80% of the subsidy can be directed toward works previously considered “luxury” or out of scope, such as bathroom and kitchen remodeling or total floor replacement.
If you are specifically interested in energy-saving solutions, you can also check our corresponding guide for Exoikonomo 2026 to compare which program best fits your needs.
Financial Data at a Glance
- Maximum Budget: €36,000 per residence.
- Subsidy Percentage: Base rate of 80%, with the potential to reach 90% for specific categories (large families, people with disabilities) or properties in island regions like Crete.
- Coverage per sqm: Up to €300 per square meter.
Eligible Expenses (Covered Works)
The program requires a combination of interventions, giving you the freedom to perform substantial upgrades that increase your property’s market value.
1. Functional Renovation (60% – 80% of the budget)
This includes works that transform your daily living experience:
- Bathroom & Kitchen: Full reconstruction, replacement of sanitary ware, tiles, and installation of new kitchen cabinetry.
- Flooring & Doors: Replacement of old, worn floors with modern materials (laminate, tile, marble) and installation of new interior doors.
- Infrastructure: Complete modernization of plumbing and electrical networks (drainage, panels, wiring)—essential for older properties.
- Static Reinforcement & Painting: Wall reinforcement and professional painting services.
2. Mild Energy Upgrades (20% – 40% of the budget)
Instead of heavy and costly insulation, the program focuses on immediate solutions:
- Energy-efficient windows/frames and solar water heaters.
- High-efficiency air conditioning systems or heat pumps.
Why Renovation in Chania Requires Professional Planning
The unique characteristics of buildings in Crete—ranging from traditional stone houses to modern apartments—require specialized knowledge. A proper renovation offers not only beauty but also longevity to the building. To understand the necessary steps before starting, consult our detailed guide to home renovation in Chania.
Beneficiaries and Participation Criteria
The program is accessible to a wide range of owners, with no age restrictions. The basic requirements are:
- Property Age: Properties with a permit issued until December 31, 1990.
- Size: Residences up to 120 sqm.
- Income: Up to €25,000 (individual) or €35,000 (family).
- Usage: The property must be used as a primary residence or rented out long-term (5+ years). Note that short-term rentals (Airbnb style) are strictly prohibited for five years after completion.
Special Action: “Renovate and Rent”
For closed apartments intended to be re-introduced to the rental market, the state provides:
- 60% subsidy on expenses up to €13,500.
- 50% down payment of the subsidy amount to start works immediately.
The Value of the Right Partner
Managing a program with these parameters requires consistency and technical expertise. At Smart Construction, we offer a wide range of services covering every need, from initial design to final delivery. You can learn more about our services here.
Our experience in comprehensive construction projects is the guarantee for a result that stands the test of time and upgrades your property’s value. The platform is expected to open in the first half of 2026. Early preparation and technical assessment are the only ways to ensure your participation.
Have Questions?
Our team of engineers and consultants is at your disposal to discuss your needs and provide any technical information you require for your specific case.
Contact us today:
- Address: 15 Dimitrakaki St., Chania
- Phone: +30 28210 55043
- Email: [email protected]