The bill for the protection of primary residence will be submitted shortly to the House, as the final points have been clarified.

At a meeting held in Maximus Mansion on Thursday, between the government and the banks representatives, the two sides agreed on the amount of the loan that may fall short, the objective value of the property, and the income criteria of the borrower, while the time for accession to the new framework will be one year.

Thus, the protection of the primary residence for an objective property value of up to 250,000 euros will apply, for a loan balance up to 130,000 euros, while the income criteria for integration to the new law, will have a threshold of 36,000 euros.