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Uproar over minister's home protection comments underscore sensitive nature of challenge
PoliticsGreek PoliticsWith the fraught issue of home repossessions threatening to come to a head in the spring, recent statements by Development Minister Adonis Georgiadis have been attracting furious responses from across the opposition.
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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgrammeGreek government officials are due to begin meetings with the institutions’ mission chiefs on Wednesday as part of the fifth enhanced surveillance review, which Athens hopes will pave the way for its three fiscal demands to be met later this year.
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Deadline looms for troubled home protection scheme as insolvency law is lined up
EconomyThe sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders.
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Apartment prices rise by 9.1 pct in Q3, hitting series high
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 9.1 percent year-on-year (YoY) in the third quarter (Q3) of 2019 from an increase of 7.7 percent in Q2, Bank of Greece (BoG) data showed on Thursday.
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesA bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesThe government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market.
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Q2 rise of 7.7 pct in apartment prices marks 12-year high
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from an upward revised increase of 4.9 percent in Q1, Bank of Greece (BoG) data showed on Monday.
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Apartment prices up by 4 pct in Q1 for highest increase since 2007
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY) in the first quarter (Q1) of 2019 from an upward revised increase of 2.6 percent in Q4 2018, Bank of Greece (BoG) data showed on Tuesday.
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeMPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.
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Talks on primary residences continue as bill proceeds through Parliament
EconomyProgrammeThe government’s draft law on the protection of primary residences is on the way to be adopted by Parliament but negotiations between Athens and the institutions regarding the details of the new scheme are continuing.