Land law

Far from sticking to its guns, the government has yielded significant ground on the new foreclosure protection framework, a draft of which was tabled in Parliament late on Tuesday and will be put to a vote on Thursday.

Following strong disagreements with creditors over the level of protection from foreclosure of debtors' primary residence, government spokesman Dimitris Tzanakopoulos outlined the elements of the bill finally tabled by the government in Parliament on 26 March.

He said the draft legislation will come to a vote within the week.

The Euro Working Group (EWG) ended on Monday night without a decision on the disbursement of almost 1-billion-euros from creditors, as there is still no agreement with the Greek government on its plan for protecting the primary residence of debtors from foreclosure.

New land registry offices in the inner Athens suburb of Galatsi have boosted a slow-moving process to establish a Greek cadastre but still only a fraction of properties have been declared.
According to the latest official data, just 7 percent of all property rights have been declared so far - some 700,000 declarations - with 13 percent of all declarations submitted online.

Greece has until the Eurogroup meeting of eurozone finance ministers on March 11 to complete all of the pending prior actions it needs to secure the disbursement of 1-billion-euro from creditors, the Euro Working Group decided in Brussels on Friday.

A major event called "My Home Turkey Real Estate and Investment Fair" opened in the German city of Dusseldorf on Feb. 8 with the participation of more than 70 developers and real estate associations.

Real estate investment companies (REICs) have been discussing plans for student accommodation, furnished apartments and even residential buildings for the elderly where their healthcare needs are also catered to in recent months.

Outstanding investment opportunity

The highly favourable location, great traffic connectivity, and the plot's existing utility connections make up for an exceptional investment value. The community infrastructure levy in the approximate amount of EUR 1.500,000.00 has already been paid for the property (the levy is included in the price).

The ministries of economy and justice agreed on Thursday to freeze foreclosures of properties in the region of Attica for debts towards the banks for two to three months, following the deadly fires in the area that have claimed at least 81 victims and injured scores.

Serbian protest groups have pledged to prevent the Commissariat for Refugees from displacing refugees from the 1990s Yugoslav conflict who squatted the Commissariat’s empty apartments.