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  1. Government makes last-minute change to main homes bill in bid to satisfy creditors
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    MPs are due to approve on Friday the new framework for the protection of primary residences from... that the threshold for the balance on business loans secured against primary residences should be no higher than... residence scheme, the creditors will be satisfied that the eligibility criteria are not too generous

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  2. Uproar over minister's home protection comments underscore sensitive nature of challenge
    Photo by MacroPolis

    PoliticsGreek Politics

    protection of primary residences in any advanced economy in the world, and that the protection... debt Protection of primary residences from foreclosure is linked to the bigger issue of bad debt held... of the primary residence protection scheme in May could leave more than 150,000 borrowers without a safety

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  3. Launch of new insolvency process may carry political significance
    Photo by MacroPolis

    PoliticsGreek Politics

    of the new insolvency framework, which includes an end to the protection of primary residences for most... is equally critical of the current government when households lose primary residences. Another source... the scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence

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  4. Opposition frets over foreclosure decision as ND casts net for new faces

    PoliticsGreek Politics

    stepped in with its own legislation to protect primary residences. She claimed that funds will now... residences and introduce a new legal framework regarding debt settlements. Third party PASOK also warned... borrowers be protected from foreclosures. The issue of primary residence protection is politically

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  5. Newsletter 253 -05/06/2020

    Newsletters

    . Apartment prices rise by 6.9 pct in Q1 Headline figure marks ninth consecutive quarter of price rises... percent, respectively. The rise in the nominal value of apartments in Greece came to 6.9 percent... increases. The index for Q1 came to 66.9 compared to an index of 65.6 in Q4 2019. Old apartments

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  6. Compromise emerges on liberalisation of NPL market
    Photo by Harry van Versendaal

    EconomyProgramme

    in order to reach an agreement on the NPL issue as a whole. The institutions clearly favoured a full...-residence backed NPLs across all lending categories until the end of 2017 under certain criteria... that the sale of large corporate and non-primary residence backed mortgages has been allowed since mid

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  7. Mitsotakis to set out lockdown relaxation plan as ND scales back economic support
    Photo by MacroPolis

    PoliticsGreek Politics

    for 100 hours in order to receive a 600-euro stipend. The leftist party has demanded Vroutsis’s... on the primary residence protection programme, which is due to expire at the end of the month... not rule out the possibility of the government extending the primary residence scheme without

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  8. University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    investigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior

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  9. Property ownership waning in Greece as renting takes over

    Society

    an apartment, followed by 36.2 percent who owned land or another asset and 30.4 percent who owned a house. Six... for apartments and 20 percent for houses. However, it was also noted that within the last few years... two years was tourism-related property (61.9 percent) followed by apartments (24.3 percent

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  10. Newsletter 276 -04/12/2020

    Newsletters

    challenges. 2 Apartment prices rise by 3.2 pct in Q3 Latest quarter marks eleven consecutive rises The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third.... Old apartments, classified as over five years old, saw their prices increase by 2.6 percent in Q3

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