15,000 Foreclosed Homes Trapped in Banks and Servicers - iefimerida.gr
4 Articles
4 Articles
Why it takes over two years for a property to come on the market - The pending legal cases up to... 2039 and the urban planning-technical issues
Approximately 15,000 homes are currently in the portfolios of banks and debt management companies, constituting a significant stock of real estate that could return to the market and contribute to alleviating the housing problem. Their utilization, however, remains difficult, as pending legal proceedings, urban planning irregularities and delays in transfers keep a large number of properties off the market. It is indicative that preparing a pro…
Some 15,000 properties are under the management of loan and credit management companies (servicers) or owned by banks, making up a significant stock that could boost supply in the Greek real estate market. However, urban backlogs, arbitrary construction and lengthy maturation processes keep much of this stock off the market. The problem is particularly relevant at a time when access to housing is becoming increasingly difficult due to the mismat…
"The loan arm of the Recovery Fund has mobilized investments of over 50 billion euros, of which 1 billion euros concerns investments by real estate companies, not including… 15,000 properties managed by servicers or owned by banks - NAVTEMPORIKI
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