MacroPolis

Rise of property prices continues with 4.6 pct increase in Q2

The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY) in the second quarter (Q2), from an upwards revised 3.5 pct in the first quarter (Q1), according to Bank of Greece (BoG) data released on Thursday.

Post-Covid era dawns on new landscape for bad debt in Greece

By: Georgia Nakou

At the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.

Govt on defensive over property tax tweaks and labour bill

The change in the taxable values of properties in Greece and the ongoing clash over the government’s labour reforms are dominating the domestic political agenda.

Govt on alert for possible fallout from tapering of pandemic relief measures

The government is bracing itself for any possible impact from the tapering of the economic relief that it has offered Greek businesses since the beginning of the pandemic.

Apartment prices rise 3.2 pct in Q1

The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the first quarter (Q1) of 2021 from a revised increase of 2.5 percent in Q4 2020, Bank of Greece (BoG) data showed on Tuesday.

Apartment prices rise by 2.6 pct in Q4, increase 4.2 pct in 2020

The rise in the nominal value of apartments in Greece came to 2.6 percent year-on-year in the fourth quarter of 2020 from an increase of 3.5 percent in Q3 2020, Bank of Greece data showed on Tuesday.

Apartment prices rise by 3.2 pct in Q3

The rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the third quarter (Q3) of 2020 from an increase of 4.1 percent in Q2 2020, Bank of Greece (BoG) data showed on Monday.

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.