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BoG outlines factors hampering affordability in Greek housing market
EconomyMacroeconomyits upward trajectory, with nominal apartment prices rising by 7.8% year‑on‑year. This increase... for apartments older than five years growing by 8.1%, while those for newer units (up to five years
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeof the residual mortgage. Apart from the primary residence framework, Greece is also expected to make... for the protection of primary residences from foreclosure after the two sides failed to agree... of the draft legislation still being discussed are whether business loans secured against primary residences
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeresidence scheme, the creditors will be satisfied that the eligibility criteria are not too generous...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
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Newsletter 201 -21/04/2019
was agreed between the Greek authorities and the institutions of a new primary residence protection... for the last few weeks due to the dispute over the new framework for protecting primary residences... widened the scope by including business loans that have primary residences as collateral. At the same
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Launch of new insolvency process may carry political significance
PoliticsGreek Politicsthe scheme’s acceptance is that it coincides with the withdrawal of protection for primary residence... 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
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Opposition frets over foreclosure decision as ND casts net for new faces
PoliticsGreek Politicsborrowers be protected from foreclosures. The issue of primary residence protection is politically... 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
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Deadline for liberalisation of household and SME NPLs looms closer
Economycorporates and non-primary residence mortgages are allowed. The issue of consumer and SME NPLs... billion relate to primary residences. In addition, SME and sole-proprietors’ NPEs stand at around 20
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammeTalks between banks and the Greek government on the primary residence protection framework are due to continue this week, with the latter being left under no illusions by its European lenders.... Eurogroup An agreement on the new framework for primary residences is seen as one of the key
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeby the borrower should be no more than double the threshold for the primary residence i.e. 500,000 euros...The government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgrammewas agreed between the Greek authorities and the institutions of a new primary residence protection... residences as collateral. At the same time, the strict eligibility criteria and the extensive
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