MacroPolis

Record FDI flow into Greece raises bar, but is it sustainable?

By: Georgia Nakou

Greece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.

Property prices rise by 9.4 pct in Q2, close to all-time high

The rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG) data released on Thursday showed.

Property prices continue on upward trajectory with 8.6 pct rise in Q1

The rise in the nominal value of apartments in Greece slowed slightly to 8.6 percent year-on-year in Q1 of this year, from an upwards revised 9.5 percent in the last quarter of 2021, Bank of Greece (BoG) data released on Tuesday showed.

Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct

The rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed.

Mitsotakis unveils property tax reduction, searches for pre-election narrative

After taking a battering over the past few days due to the problems caused by the Elpis snowstorm and the extra political pressure caused by Sunday’s no confidence vote, the government launched on Wednesday its attempt to break out of what it sees as a damaging war of attrition with its political opponents.

Apartment prices rise 7.9 pct in Q3, continuing upward trend

The rise in the nominal value of apartments in Greece accelerated to 7.9 percent year-on-year (YoY) in the third quarter, from an upwards revised 6.2 pct in the second quarter, Bank of Greece (BoG) data released on Tuesday showed.

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.