The Greek real estate market is ready to welcome many new proposals as companies that manage loans secured by real estate to banks or with the funds that have acquired them are actively resuming online auctions. According to data presented last week at the NPL forum organized by DDC Financial Group, this wave of auctions […]
The Greek authorities announced the opening of an electronic application platform for over-indebted households to avoid an auction for the sale of the first home of low-income families. Yesterday, the platform of the Special Secretariat for Private Debt (Ειδικής Γραμματείας Ιδιωτικού Χρέους) was opened, where vulnerable households wishing to protect their first home can apply […]
The Treasury Department and banks have decided to suspend the first housing auctions for all vulnerable borrowers. The moratorium on auctions is valid from 1 to 30 June. At the same time, citizens must send the latest E1 income statement and E9 real estate declaration to the bank or their credit manager to prove that […]
Greece’s finance ministry is working on a plan to protect the primary residence of households deemed financially vulnerable, ahead of the resumption of auctions in early June. The plan stipulates that the state will subsidize mortgage tranches in accordance with protection principles that will apply once the state-owned property acquisition agency is operational. The goal […]