From Friday, homes worth €515,000, up from €450,000, will now be eligible for the initiative, as well as apartments or town houses worth €385,000
Minister for Housing Darragh O'Brien says the mortgage to rent scheme gives individuals and families peace of mind. Photograph: iStock
The changes will come into effect from November 1st. Households in mortgage arrears with little change in circumstances are given the chance to surrender ownership of their home and become a social housing tenant and continue to stay living there. In the rest of the country, houses worth €395,000, up from €345,000, will be included, as well as apartments or town houses worth €265,000, up from €230,000.Spain flash floods kill at least 95 people in Valencia regionDarragh O’Brien
“It’s clear that there is a continued demand for the scheme, as since its launch, it has helped over 7,000 people remain living in their homes avoiding the upheaval of having to move out of their house and leave their community.
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