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Landmark Katseli Law ruling hits lenders, eases borrower burden
EconomyBankingthat a borrower will fail a court‑mandated plan and lose their primary residence. For households... interest overcharged since the original court rulings may have to be credited back to borrowers... residence protection over the maximisation of creditor recovery. It delivers immediate relief
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeatureswith the nascent revival in the property market: the introduction of residence permits linked to property purchases... starting to come up against some hard constraints. Only 376 residence permits have been issued under... the risk of similar phenomena, however it will inevitably increase the bureaucratic burden and may
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Newsletter 474 - 05/09/2025
to €500 per year, while those near the top bracket may gain as much as €1,200. The total cost..., after which tenants may purchase the units at a capped price. Authorities aim to activate 3,000–5,000... for legal residence after seven years of undocumented presence, calling the previous provision “a reward
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Newsletter 238 -07/02/2020
motives may have been to blame but, again, no serious evidence of provocation has been forthcoming... of things. The primary residence issue is also becoming a headache for the government as the end... the field open to speculation. ND may be drawing confidence from the failure of earlier anti-eviction
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyreleased by the Ministry of Finance (MoF) on Tuesday. The state budget deficit to May narrowed... a deficit of 339 million in May from 495 million posted in April. In contrast, May budget deficit rose... trend in May increasing by 6.9 percent (from -1.4 percent in April), which led the 5-month figure up
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Newsletter 201 -21/04/2019
was agreed between the Greek authorities and the institutions of a new primary residence protection... but may make do with just paying off the instalments that are due this year and next year, which.... The government would like to make its move before the European Parliament elections on May 26 as SYRIZA
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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... the elephant in the room and the furore over Georgiadis’s comments may be a sign of things to come. ND may... protection of primary residences in any advanced economy in the world, and that the protection
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomyeuros in May from a small surplus of 43 million in April. In addition, the 5-month state budget deficit... by 15.9 percent in May after falling in the two previous months. In absolute terms, revenues stood at 3.38 billion euros in May, beating the target by 514 million, which represents the highest monthly
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyannouncements may be made and whether they will be officially discussed with the institutions before the relevant draft bill is tabled in Parliament. Protection of primary residences With regard... period, auctions of the main residence of households below a certain income threshold, while punishing
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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomy, albeit at a slower rate, by 4.5 percent month on month (MoM) in May from 9 percent in April. The increase... showed arrears reached 5.04 billion at the end of May from 4.82 billion in April. This means that creation of arrears almost halved in May to 218 million from around 400 million in each
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