MacroPolis

Passing of insolvency law gives opposition campaigning foothold

Parliament passed legislation setting out the new insolvency code on Monday, with 158 votes in favour from the government benches, while 140 opposition MPs voted against the bill in principle.

Greek housing market at new juncture as Covid-19 shakes foundations

By: Georgia Nakou

At the end of 2019, the Greek property market was showing signs of a gradual recovery from the battering it received in the country’s decade-long financial crisis, and 2020 looked set to continue the trend.

Apartment prices rise by 4.1 pct in Q2

The rise in the nominal value of apartments in Greece came to 4.1 percent year-on-year (YoY) in the second quarter (Q2) of 2020 from a revised increase of 6.6 percent in Q1 2020, Bank of Greece (BoG) data showed on Thursday.

Apartment prices rise by 6.9 pct in Q1

The rise in the nominal value of apartments in Greece came to 6.9 percent year-on-year (YoY) in the first quarter (Q1) of 2020 from a revised increase of 7.6 percent in Q4 2019, Bank of Greece (BoG) data showed on Thursday.

BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020

The Bank of Greece (BoG) has made its first estimate of the impact of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019.

Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019

The rise in the nominal value of apartments in Greece came to 7.5 percent year-on-year (YoY) in the fourth quarter (Q4) of 2019 from a revised increase of 8.3 percent in Q3, Bank of Greece (BoG) data showed on Wednesday.

Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts

The government is hoping that the visit of EU Economic Affairs Commissioner Paolo Gentiloni will provide an opportunity for Athens to argue its case for greater fiscal space in the coming months and years.

Uproar over minister's home protection comments underscore sensitive nature of challenge

With the fraught issue of home repossessions threatening to come to a head in the spring, recent statements by Development Minister Adonis Georgiadis have been attracting furious responses from across the opposition.

Mission chiefs pick up fifth review baton as Greece mulls new bond issue

Greek government officials are due to begin meetings with the institutions’ mission chiefs on Wednesday as part of the fifth enhanced surveillance review, which Athens hopes will pave the way for its three fiscal demands to be met later this year.

Deadline looms for troubled home protection scheme as insolvency law is lined up

The sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders.