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What is driving the Greek housing market's recovery?
EconomyFeaturesthe intuitive interpretation. Since the introduction of the investment-based residence scheme in 2014... the scheme remains among the cheapest in Europe. The reluctance to scrap or radically reform the residence
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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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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek Politicsof the primary residence protection scheme in May could leave more than 150,000 borrowers without a safety... 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
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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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Funding needs take centre stage in row between New Democracy and SYRIZA
Economyrelates to extraordinary T-Bill issues. The amount of T-Bills stood at 13 billion at the end of November. However, an extraordinary issue of 3-month T-Bills of 1.6 billion on December 10 led the current... published a press release on January 12 noting that the T-Bill amount cannot surpass the 15-billion mark
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Newsletter 49 - 30/10/2015
reportedly demanded that the new eligibility criteria be limited to homeowners whose residence... residences from foreclosure, VAT on private education and pharmacy ownership. On the foreclosures front
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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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