Land registry offices in go-slow mode
A deadlock between the government and private land registry officers has raised yet another obstacle to the recovery of Greece's beleaguered property market, as registrars persist with a decision to abstain from part of their duties since February 26.
According to that decision, land registry offices ("ypothikofylakia") have been accepting new entries but have not been issuing any certificates or making corrections to land registry documents. The effects of the protest are already apparent in the real estate market, as potential buyers are unable to carry out all of the transactions they need. The same, meanwhile, applies to transactions made via auctions.
Greek Land Registrars Association board member Ioanna Tzinieri explains that the country's private registrars are only carrying out what is deemed as "emergency business," such as approving the protection of main...