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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek Politicsspeculative buying, particularly in central Athens, where entire apartment blocks have been converted... In Thessaloniki, nominal rents for apartments up to 80 sqm reached 10.55 euros per Sqm, surging 17.6
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Current account deficit widens to 404 mln in March
EconomyMacroeconomythat this improvement is largely due to a lower net oil import bill, reflecting the decrease in oil prices. Net payments for ship purchases also fell. However, excluding the impact from oil and ships.... The contraction in the services surplus by 22.1 percent is mainly attributed to lower net receipts from
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyas there is little dispute that there is a need to tend to those that have fallen off the safety net... Organisation will be re-established granting 25,000 apartments at the first phase with a rent subsidy
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Unpopular but effective property tax returns for another year
EconomyMacroeconomyand a total of 2.29 million E1 forms have been cleared. The net amount the state is expecting after... and the abolition of the 20 percent discount for empty apartments or buildings. Alternate Finance
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Newsletter 134
net after the completion of the bailout. As disbursements during all Greek programmes have been tied... won the right to build offices, shopping centres and apartments on the site is paying some 900
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeaturesDevelopment is going to issue tenders for the remaining parts of the project. Lamda posted net profits of 37.2... borrowing, 400 million euros from the pre-sale of luxury apartments and 150 million from a pending bond
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeatures, when the total came to 414.7 million euros. For the first half of 2019, the net amount... of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from
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Newsletter 254 -19/06/2020
billion. Net revenues came to 16.08 billion euros, below the aggregate target by 2.66 billion euros... will be completed by the end of July. However, experts have pointed out that the provision of apartments
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomyand was the last sub-2 percent reading. After a short-lived net addition of 430 million euros in June, lending flow turned negative in July with net deductions at 607.4 million, which is the second highest reading so far this year. July flow stems from household and corporate lending net deductions of 382
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomy, the improvement in the goods’ balance mainly reflects a lower net oil import bill, on the back of the oil prices’ drop. Moreover, net payment for ships also decreased YoY. It is noteworthy that excluding...’ surplus by 18.2 percent YoY primarily reflects lower net receipts from construction services
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