MacroPolis

Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008

The nominal value of apartments in Greece during the second quarter (Q2) of the year showed a rise of 0.8 percent year-on-year (YoY) after a drop of 0.2 percent in Q1, Bank of Greece (BoG) data showed on Thursday.

Improving trends in property market highlighted by central bank

The Bank of Greece (BoG) Monetary Policy released on Monday contained an outlook for the property market in Greece and anticipated developments, which highlighted that signs of stabilisation were noted during 2017.

Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record

The drop in the nominal value of apartments in Greece came to 0.2 percent year-on-year (YoY) in the first quarter (Q1) of 2018, slowing from a revised drop of 0.4 percent in Q4 2017, Bank of Greece (BoG) data showed on Tuesday.

Working-class homes or millionaires' mansions - what's going under the hammer in property auctions?

By: Georgia Nakou

On Wednesday 21 March, a familiar scene played out outside the offices of a notary in central Athens. A few dozen protesters organised by the anti-austerity “I Won’t Pay” movement and the political parties Popular Unity and Course for Freedom clashed with police as they tried to obstruct the scheduled auctions of foreclosed properties.

Progress on new property values but concerns about energy privatisation

A key prior action, involving the recalculation of property values so they can be fed into the ENFIA real estate tax, appears on the way towards completion but questions have arisen regarding another key deliverable.

Finance Ministry waits for new property values as talk of bad bank gathers pace

The government is hoping to move closer to the completion of a key prior action this week, when evaluators submit the results of their work on the new “objective” property values that will be used by the Finance Ministry to calculate this year’s ENFIA real estate tax.

Airport redevelopment gets green light, leaving one prior action as lenders return to Athens

The Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government and the institutions gear up for the fourth review to start next week.

Fall in apartment prices slows to 0.3 pct in Q4 2017, 1 pct average drop for year

The drop in the nominal value of apartments in Greece came to 0.3 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, slowing from a drop of 0.6 percent in Q3 2017, Bank of Greece (BoG) data showed on Thursday.

Property ownership waning in Greece as renting takes over

A survey by the National Property Owners Federation (POMIDA) has revealed that home ownership is on the decline in Greece.

Lenders set ambitious e-auction targets for Athens

Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.