Property

Having drawn 80 percent of its annual allowance according to the state budget between the months of January and July, OAEE, the social security fund for all self-employed people in Greece, backed by KEAO, the Center for the Collection of Social Security Arrears, is now turning the screws on debtors in a bid to get them to settle their outstanding accounts with the fund, or else risk having asse

Bank of Greece data showed Greek property prices declined at a slower pace in the second quarter of 2014, Reuters reported on Wednesday.

Apartment prices fell 7.3 percent from a year earlier. The annual pace of decline, which was 8.5 percent in the first three months of the year, has gradually eased since the third quarter of 2013.

By Nikos Roussanoglou

Athens offers the smallest discounts in rental rates for professional properties among 21 cities in the Europe, the annual report by Savills estate agents has found.

Private equity group Blackstone acquired a 10 percent stake in Greek real estate developer Lamda for 20.2 million euros ($28 million), the latest move by foreign funds warming to Greece's recovery prospects, Lamda said on Wednesday.

By Vangelis Mandravelis

State bailout fund TAIPED is moving ahead with its plans for the utilization of three major state properties, the Olympic facilities at Galatsi and Markopoulo and the Sambariza property at Ermioni, all in Attica.

By Evgenia Tzortzi

Data seen by Kathimerini concerning the course of home repossessions over the last five years show a 63 percent reduction, thanks to the protection of property by regulations regarding not only main residences but households’ assets as a whole.

Greece’s zoning laws are to be made much more flexible, according to draft legislation prepared by the Environment Ministry and put to public consultation on Thursday.

By Prokopis Hatzinikolaou

The Finance Ministry offering trespassers on 28,000 state properties favorable terms to buy them out.

Offshore companies can not acquire and have ownership of agricultural land in Bulgaria, according to the latest amendments to the Agricultural Land Ownership and Use Act.

The changes to the Agriculture Land Act were passed on second reading, Thursday, Bulgarian BTV reports. The restriction applies to joint-stock companies that have issued bearer shares, as well.