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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesarea to their main residence to apply for protection. This concession covers mainly those who live... application process for the protection of a primary residence. The data showed that 44,446 users... for homeowners to settle their debts and protect their residence from repossession. Benefits Around 100,000
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe government and the institutions over the new primary residence framework are holding up the green light... president Valdis Dombrovskis also said there had been significant progress on the primary residence.... In the meantime, work will have to continue on the details of the primary residence framework, which is due
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeloans secured by primary residence collateral. Additionally, the new scheme creates an additional... of Non-Performing Exposures (NPEs) from the systemic banks. The protection of primary residences under.... The Commission highlights that the protection of primary residences was unilaterally extended until the end
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammehas seen the new primary residence framework, which is due to succeed the Katseli law that expired... framework governing the protection of primary residences from foreclosure without necessarily first... residences. The institutions also raised concerns about the inclusion of the second group of NPLs
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeThe Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table... against primary residences that the government would like to be included in the new framework. According
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeon the details of the legislation for primary residences by Friday. Speaking to journalists in Brussels... 2 billion euros is linked to business loans that were backed by primary residences. It is thought
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Main residence draft law shows signs of compromise in several areas
EconomyProgrammeAfter weeks of back-and-forth with the institutions, the Greek government submitted to Parliament late on Tuesday the main part of the draft legislation relating to primary residences. The details of the new framework suggest that Athens has compromised in several areas, while retaining some
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesproperly known as the “Residence Permit for Investment Activity in Greece”, gives investors and their immediate family a five-year residence permit. To qualify, under Law 4251/2014, applicants must buy... European country. Holders of the residence permit have a right, but not an obligation, to reside
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Primary residences back in focus as Athens waits for recovery fund decision
PoliticsGreek Politicsregarding the coronavirus recovery fund, there is growing attention on the primary residence... of the primary residence scheme. The programme, which protects certain homes from repossession if owners... is ready by June 1, even more significant for Athens. Primary residences Another important
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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... June of primary residences belonging to borrowers who might be eligible for the new protection... and it applies to mortgages or business loans secured against primary residences the turned red
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