Property

By Nikos Roussanoglou

Athens ranks fifth out of 28 European city destinations for real estate investment in 2015, according to this year?s annual survey by the Urban Land Institute (ULI). Berlin tops the list, followed by Dublin, Madrid and Hamburg.

By Nikos Roussanoglou

Recent government initiatives aimed at rekindling demand in the property market are expected to prove fruitless due to the uncertainty generated by political developments.

The Environment Ministry has announced a one-year extension for property owners who want to declare illegally constructed buildings or building additions in order to be granted immunity from demolition until February 8, 2016.

By Dimitra Manifava

The Development Ministry appears unwilling to grant another extension to the implementation of a law protecting primary residences from repossession by banks over unpaid debts, as it believes that the legal framework dating from 2010 is sufficient to protect homeowners in financial difficulties.

Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament.

Turkey has recently seen the expropriation of large amounts of land for use by energy companies with the help of the government, regardless of its value to the environment or local history.

Turkey’s social security body will make the payment for a prosthetic leg purchased by a veteran soldier, who had hit headlines after it was revealed that he was facing repossession of his property for failing to repay a loan he took out for the new prosthesis.

A veteran soldier who lost a leg in a terrorist attack is now facing repossession of his property for failing to repay a loan he took out for a new prosthetic leg.

Croatia's State Office for State Property Management, DUUDI, on Wednesday published a report on the 56 biggest and most strategically valuable state companies and associations for the first half of 2014.

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BELGRADE - The National Audit Office (DRI) has initiated the second audit of performance relating to the management of property owned by the Republic of Serbia.

Radoslav Sretenovic, chairman of the DRI, said that so far the audit has shown that the government does not have uniform records on property.