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Property
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EconomyProgramme
Lenders set ambitious e-auction targets for Athens Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.
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PoliticsGreek Politics
Parliament gears up for budget vote as auction concerns persist Parliament is preparing for a vote on the 2018 budget late on Tuesday, with opinion polls giving differing views of the political balance in Greece as the year comes to an end.
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PoliticsGreek Politics
PM stands ground on property auctions despite broad concern More electronic auctions of repossessed properties took place this week, as the government had agreed with its lenders, but the coalition continues to see these transactions as potentially damaging to its political fortunes.
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EconomyProgramme E-auctions get underway as draft SLA is prepared Electronic auctions made a successful, albeit brief, debut on Wednesday, boosting hopes that Greece and its lenders will conclude a Staff-Level Agreement (SLA) this week and pave the way for the completion of the third review in January.
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EconomyMacroeconomy
Office prices slip by 0.7 percent in first half of 2017 Office prices in Greece fell by 0.7 percent in the first half (H1) of 2017 compared to the same period last year, Bank of Greece (BoG) data showed on Monday.
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EconomyProgramme
Energy at forefront as Athens prepares for creditors’ return Athens has reached a comprehensive agreement on energy issues, which was one of the biggest obstacles in the way of a staff-level agreement (SLA) being secured by December 4.
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EconomyMacroeconomy
Fall in apartment prices continues with slower decline of 0.6 pct in Q3 The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday.
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EconomyProgramme
Coalition appears to reach common ground with notaries over property auctions The government believes that it has reached an understanding with Greece’s notaries that will lead to them calling off their strike and allowing electronic auctions to begin at the end of the month.
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EconomyProgramme
Minister proposes way forward for auctions as pressure mounts from banks, creditors After discussions with notaries on Wednesday, the Greek government has proposed a way of overcoming concerns about their safety during auctions of properties that have been repossessed by banks.
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EconomyProgramme Effort to end notaries' strike amid concern for auctions, NPLs The Greek government is searching for a way to overcome the concerns raised by notaries regarding property auctions, which has led to the latter group refusing to take part in any more such transactions this year.