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Property
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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.
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EconomyProgramme
Main residence draft law shows signs of compromise in several areas After 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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EconomyProgramme
No breakthrough in discussions over protection for main homes Monday’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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EconomyProgramme
Primary residence talks continue amid uncertainty about draft legislation The 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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EconomyFeatures
BoG data shows that overseas property investment revenue accelerated in 2018 Property 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.