Thousands of My Home bids

More than 14,000 applications from young people and young couples have already been submitted for My Home, a new program of cheap loans for acquiring a first residence, with an interest rate corresponding to a quarter of the normal market interest rate.

The interest being shown is greater than expected, a fact that renders likely even the doubling of the initial amount that was foreseen by the Public Employment Service (DYPA), in order to reach 1 billion euros.

According to the latest data from DYPA, which Kathimerini has seen and is able to reveal, at least 600 of the applications have already been pre-approved by the banks, while there are also 50 cases that are ready to enter the main phase of the program, as the interested parties have submitted to the bank and the required authorities the documents for a specific property.

After all, finding the right...