MacroPolis

Government and banks reach deal over new scheme to protect main homes

The government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.

Athens prepares new primary residences proposal after finding common ground with banks

The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.

Eurobank to merge with Grivalia Properties and create SPV to cut bad loans

One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.

Apartment prices up by 2.5 pct in Q3 as recovery trend continues

The nominal value of apartments in Greece during the third quarter (Q3) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Monday.

Greece's golden visa scheme brings revenues, but risks as well

By: Georgia Nakou

Since its launch in 2014, the Greek citizenship-by-investment scheme known as the “golden visa” has attracted almost 3,000 investors and close to a billion euros’ worth of property investments.

Tax cuts set to lead package of post-MoU pledges by Tsipras

Alexis Tsipras is preparing to play one of his final political cards ahead of the next elections by presenting a package of tax cuts and spending increases at the Thessaloniki Expo (DETH) this Saturday.

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.