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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammethat will be eligible for protection. Firstly, the assessed, or “objective,” value of the property will be taken.... Secondly, the value of the residual mortgage will be considered. Figures of between 120,000 and 150,000
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the assessed, or “objective,” value of the property will be set at 250,000 euros. Under the Katseli law... haircut if the residual amount they have to pay on their housing loan exceeds 120 percent of the value
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Athens waits for response from institutions on primary residences proposal
EconomyProgrammeto 130,000 euros, an assessed main residence value of up to 250,000 euros and an annual household... is at 120 percent or more of the property’s commercial value and a state subsidy equivalent to a third
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Minister's actions put PM on the spot as politicians' loans stir controversy
PoliticsGreek Politicsthat the property has an assessed value of 95,000 euros and the initial loan taken out was worth 300,000 euros... value of his property is far greater than the amount he borrowed. On Monday, Attica Bank also issued
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Newsletter 195 -22/02/2019
is too generous because it sets the limit for primary residences at an assessed property value... out the loan to cover the cost of his family and political life and that the market value of his
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeprotection to debtors that meet specific eligibility criteria in terms of the value of the property... of the property value, lower interest rates with a 2 percentage points (pps) premium over Euribor
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammefor protection if their residual mortgage is up to 130,000 euros, the assessed value of their home... this to be brought down to 25 percent. Another condition is that the total value of other property held
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Trade deficit up by 5.1 pct in Jan as imports rise, exports edge down
EconomyMacroeconomy. Stripping out the impact of oil products and the value of ships, imports and exports grew by 2.8 percent and 5 percent, respectively. Excluding the value of oil products and ships, the trade deficit
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeto agree that the total value of the property owned by the applicant must not be higher than value
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Newsletter 198 -15/03/2019
that Greek authorities are set to agree that the total value of the property owned by the applicant must not be higher than value of the residual mortgage. The latest target for the Greek government
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