Ownership
Homeownership in Greece declined 11.3% in 2005-21
A new economic reality has emerged in the Greek housing market amid the prolonged financial crisis, with a notable portion of the nation's residential inventory now under the ownership of institutional or foreign investors. This trend is underscored by statistical data, revealing an 11.3% decline in homeownership rates from 2005 to 2021.
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Greece at rock bottom in social housing
When a law abolishing the Workers' Housing Organization was passed in 2012 as part of a package of stringent austerity measures, Greece gave up the last tool of state intervention in the real estate market.
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Bulgaria: 85% of Population Reside in Owned Homes
In the latest Eurostat data disclosed on Thursday, it's been unveiled that a significant 85% of Bulgarians resided in households owning their homes in the year 2022, marking a slight increase from the preceding year's 84.9%. This statistic presents an intriguing aspect of the housing landscape in the country.
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Weak sales force homeowners to negotiate prices
Homeowners who want to sell their properties in the market are now more willing to negotiate prices as existing home sales continue to decline.
Home sales plunged for a fifth month in a row in June. In the month, only 84,000 homes changed hands, pointing to a steep 44 percent decline from a year ago with existing home sales plunging more than 45 percent to around 58,000.
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Luring homeowners
For Greeks, their home is one of their most valuable material possessions and one of the most important assets they have. After all, Greece has one of the highest homeownership rates in Europe.
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Social dividend seen at 400 mln euros this year
The state budget continued on its course toward a primary surplus overrun in October too, with Finance Ministry officials estimating this will top the 346 million euros estimated in next year's budget and get quite close to 400 million instead for the whole of 2019.
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Reach of 'social dividend' may grow
Finance Ministry sources have noted that the so-called social dividend will go toward the weakest social groups, such as the unemployed and people on low wages, and not just retirees with low pensions.
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Comprehensively Assessing Business Partners through AJPES
The web portal of the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES) provides 24/7 access to daily updated original, official and reliable information about the operation of legal entities available through different registers and records. The online service allows for consistent updates of information about business partners through its database.
E-platform for Athens property registrations to go live
Property owners with homes or plots of land in the Municipality of Athens will be able to check their assets from Monday when the online platform for that area is to go live, as part of an ongoing process to complete the country's land register.
The checks are the second stage of a declaration process that began in 2008.
State to obtain any properties still undeclared
Some 100,000 private properties are expected to gradually pass into state ownership by the end of 2019, because they have not been declared to the national cadaster.
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