Mortgage loan

The recession caused by the Covid-19 pandemic will lead to an increase in bad loans through the rise in unemployment, according to the Center for Planning and Economic Research (KEPE).

The government is expected to extend a recent measure offering relief from the effects of the coronavirus crackdown by suspending tax and social security payments so as to include those due by the end of April as it becomes increasingly apparent that conditions will not revert to normal next month.

Piraeus Bank is launching the process for its first bad-loan portfolio securitization, opening the virtual data rooms to candidate investors in the Phoenix package within March.

Greece's creditors appear ready to agree to a solution on foreclosures in the form of a housing benefit for people in need that would not be associated with the protection of debtors' main residence.

Mortgage and corporate loans secured against properties and totaling an estimated 70 billion euros will have been transferred to various funds by the end of the year, radically changing the basis of the debate regarding the protection of the main residences of individual borrowers as well as tens of thousands of professionals or entrepreneurs.

The government is working on measures to accelerate the court hearings of borrowers who have found protection from confiscations under the so-called Katseli law; it is also forming its new bankruptcy code, whose central idea will be "pay up what you owe or go under."

The political quarrel between Adonis Georgiadis and the center-left Movement for Change alliance (KINAL) following the conservative development and investments minister's remarks regarding measures protecting primary residences against foreclosure has in a peculiar way underscored the need for a reliable centrist party as a tool for monitoring, evaluating and comparing political and economic de

Sodia Capital Management, the property market arm of Apollo Global Management, is looking forward to the modernization of the instrument for online auctions in a way that will turn it into another channel for property transactions.

At the very end of 2019 the state paid the first four subsidy tranches of mortgage loans for as many borrowers who have had their bank debt repayments arranged through the online platform of the Special Secretariat for Private Debt.

Turkey's housing loans extended by local lenders increased from 178.7 billion Turkish Liras at the end of July to 189 billion liras in the second week of October, as banks cut borrowing costs for potential home buyers, state-run Anadolu Agency reported, citing data from the banking sector regulator BDDK.