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Property
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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.
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PoliticsGreek Politics
Government move over primary residences raises questions The 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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EconomyProgramme
Athens set to press ahead with primary residence law despite differences with lenders The 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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EconomyProgramme
Disbursement delayed until April as lenders wait for primary residence law to be settled As 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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EconomyProgramme
Deliberations over primary residence bill set to delay green light from Eurogroup The 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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EconomyMacroeconomy
Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies The 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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EconomyProgramme
Foreclosure bill undergoing final adjustments to satisfy creditors The 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.
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EconomyProgramme
EC sets out improvements Athens should make to primary residence proposal Among the areas of concern highlighted in the European Commission’s second post-programme surveillance report are the household insolvency law and debtor protection schemes, which are examined in the context of the overall financial system stability and the ongoing efforts to reduce the stock of Non-Performing Exposures (NPEs) from the systemic banks.