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Main residence draft law shows signs of compromise in several areas
EconomyProgrammeAfter weeks of back-and-forth with the institutions, the Greek government submitted to Parliament late on Tuesday the main part of the draft legislation relating to primary residences.
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No breakthrough in discussions over protection for main homes
EconomyProgrammeMonday’s meeting of the Euro Working Group (EWG) did not see any breakthrough in the talks between the Greek government and its lenders over the new framework for the protection of primary residences.
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeThe Greek government remained in discussions with the institutions on Thursday over the details of the primary residence framework amid concerns that Athens is set to act unilaterally and table the draft legislation without having found any common ground with the lenders.
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BoG data shows that overseas property investment revenue accelerated in 2018
EconomyFeaturesProperty investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.
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Government move over primary residences raises questions
PoliticsGreek PoliticsThe announcement by government sources on Wednesday that draft legislation regarding the protection of primary residences will be submitted to Parliament on Friday without there necessarily being an agreement with the institutions has prompted questions about SYRIZA’s motives.
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammeThe Greek government appears set to table in Parliament on Friday the draft law for the new framework governing the protection of primary residences from foreclosure without necessarily first reaching an agreement with the institutions.
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammeAs seemed likely following the European Commission’s second enhanced surveillance report last month, Monday’s Eurogroup did not lead to the activation of the latest round of debt relief measures for Greece.
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeThe chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief measures at Monday’s Eurogroup appear slim as Athens and the institutions had not settled on the details of the legislation for primary residences by Friday.
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Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies
EconomyMacroeconomyThe nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday.
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Foreclosure bill undergoing final adjustments to satisfy creditors
EconomyProgrammeThe government is looking to the Bank of Greece to provide its assessment of the latest version of the draft law for the protection of primary residences from foreclosure so the bill can be tabled in Parliament and voted on this week, ahead of Monday’s Eurogroup.