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Property
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EconomyProgramme
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.
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Economy
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.
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EconomyMacroeconomy
Apartment prices rise by 9.1 pct in Q3, hitting series high The rise in the nominal value of apartments in Greece came to 9.1 percent year-on-year (YoY) in the third quarter (Q3) of 2019 from an increase of 7.7 percent in Q2, Bank of Greece (BoG) data showed on Thursday.
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EconomyFeatures
Changes to primary residence protection proposed in bid to draw more applications A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.
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EconomyFeatures Govt proposes property VAT reduction to kickstart home sales The government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market.
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EconomyMacroeconomy
Q2 rise of 7.7 pct in apartment prices marks 12-year high The rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from an upward revised increase of 4.9 percent in Q1, Bank of Greece (BoG) data showed on Monday.
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EconomyMacroeconomy Apartment prices up by 4 pct in Q1 for highest increase since 2007 The rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY) in the first quarter (Q1) of 2019 from an upward revised increase of 2.6 percent in Q4 2018, Bank of Greece (BoG) data showed on Tuesday.
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EconomyProgramme
Government makes last-minute change to main homes bill in bid to satisfy creditors MPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.
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EconomyProgramme
Talks on primary residences continue as bill proceeds through Parliament The government’s draft law on the protection of primary residences is on the way to be adopted by Parliament but negotiations between Athens and the institutions regarding the details of the new scheme are continuing.
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PoliticsGreek Politics
Protection of main homes the next step in assembly of election ammunition for SYRIZA The government hopes it has done enough to secure almost 1 billion euros in debt relief measures at the April 5 Eurogroup after tabling the draft legislation for the protection of primary residences and hopes to follow this up by launching settlement schemes for social security and tax debts in due course.