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Property
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Economy
Finance Ministry seeks solutions to address growing housing problem After months of taking a beating due to the Tempe crash, the Greek government has launched a concerted effort to change the narrative with an emphasis on issues related to the daily lives of Greeks and has modestly loosened the purse strings with a couple of voter friendly handouts.
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EconomyMacroeconomy
Property price rise slows to 8.7 pct in 2024, from 13.9 pct jump in 2023 The growth in the nominal value of apartments in Greece slowed further in the last quarter of 2024, increasing by 6.6 percent year-on-year (YoY) from an upwards revised 8.1 percent in Q3 2024, Bank of Greece (BoG) data released on Thursday showed.
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PoliticsGreek Politics
Mitsotakis unveils latest housing measures as ND rebels query foreclosure regime Hoping to show that the government has solutions to offer to the escalating housing crisis, PM Kyriakos Mitsotakis announced a raft of new measures designed to help first-time buyers. In the latest sign of unrest in his party, a group of ND lawmakers chose the same day to table a question on home foreclosures.
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EconomyMacroeconomy
Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further The growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed.
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PoliticsGreek Politics
Housing tops government plans for policy reset in autumn Measures aimed at making housing more affordable are set to be one of the central themes of the policy package that Prime Minister Kyriakos Mitsotakis is due to unveil in his keynote speech at the Thessaloniki International Fair in early September.
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EconomyMacroeconomy
Despite further slowdown, property prices grew by 10.4 pct in Q1 The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed.
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EconomyMacroeconomy
Inflation and property data cloud economic picture Although most of the attention after the Easter break in Greece has gradually shifting towards the European Parliament elections on June 9, the economy continues to pose challenges for the government and to be a source of doubt about some policy choices.
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Economy
ECB study finds Greeks overburdened by housing costs, most likely to miss payments The European Central Bank published this week research, based on the ECB’s Consumer Survey, that analyses housing costs for the eurozone’s eleven largest countries which captures the rising housing spending, on expenditures related to rents or mortgages, home maintenance and utility bills.
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PoliticsGreek Politics
Policing in spotlight after shocking domestic violence incident The failure of the police to prevent the murder of a woman by her ex-partner outside a local police station where she had gone to seek protection has put the New Democracy government on the spot over its law-and-order policies.
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EconomyMacroeconomy
Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct The growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank of Greece (BoG) data released on Tuesday showed.