Unregistered properties to be confiscated

The state is set to become the legal owner of properties in 111 areas around the country (including 20 in Athens and Thessaloniki) whose real owners have not declared their assets to the land registry offices (Ktimatologio) that are about to complete 14 years of operation, according to the head of the property owners federation (POMIDA).

In those 111 areas, including Nea Smyrni, Neo Psychico and Vrilissia in Attica, the local National Cadaster offices will complete 14 years in 2018. In the cases of properties that have not been declared or their declarations contained too many errors, they will automatically be passed on to state ownership, as they will be considered of "unknown owner," POMIDA president Stratos Paradias told a property conference.

Among the areas in Attica where properties are at such risk are Melissia, Gerakas, Rendi, Elefsina and flood-battered Nea...