The new “Renovate” program is expected to launch in May, aiming to bring thousands of closed properties back onto the market, while also, for the first time, supporting owner-occupied homes that require substantial renovation works. The “Renovate” program applies to both occupied and vacant properties across the country and consists of two mandatory components. Renovation works must account for 60% to 80% of the total application budget, while energy upgrades must represent 20% to 40%. Short-term rentals (such as Airbnb) are explicitly prohibited for properties receiving funding, also for five years following project completion. - New “Renovate” program launching in May: Which properties are eligible, what is subsidized, and what obligations owners undertake appeared first on - English.