Real property law

Greece has until the Eurogroup meeting of eurozone finance ministers on March 11 to complete all of the pending prior actions it needs to secure the disbursement of 1-billion-euro from creditors, the Euro Working Group decided in Brussels on Friday.

The Environment Ministry on Tuesday said that it is suspending all building licenses in the area around the Acropolis.

The decision comes in response to the construction of a 10-story building that has become the subject of a growing public protest campaign launched by residents of Athens's downtown Makriyianni neighborhood, who say it obstructs their view of the Parthenon.

Outstanding investment opportunity

The highly favourable location, great traffic connectivity, and the plot's existing utility connections make up for an exceptional investment value. The community infrastructure levy in the approximate amount of EUR 1.500,000.00 has already been paid for the property (the levy is included in the price).

The ministries of economy and justice agreed on Thursday to freeze foreclosures of properties in the region of Attica for debts towards the banks for two to three months, following the deadly fires in the area that have claimed at least 81 victims and injured scores.

Serbian protest groups have pledged to prevent the Commissariat for Refugees from displacing refugees from the 1990s Yugoslav conflict who squatted the Commissariat’s empty apartments.

This Friday the E-Auction online platform for foreclosures will for the first time also open for the state, which will start using the tool to pressure major debtors to settle their arrears to the tax authorities.

Greece's largest commerce and legal associations have urged the government to urgently reform laws protecting distressed mortgage holders, warning that tens of thousands of struggling families could lose their homes this year.

Too many buildings in Athens and other cities around Greece have been allowed to fall into the hands of anti-establishment and other groups.

The owners of these buildings have to pay property taxes and watch other bills pile up even though they are unable to access them and have no control over what is happening to their assets.

A coordinated operation to clear out three anarchist squats in central Athens has resulted in 12 people being remanded for questioning, police said on Monday.

The operation started early on Monday morning and was prompted by evacuation requests filed by the owners of two buildings in the area of Exarchia and another in Koukaki.

Eight in 10 foreclosed properties put up for auction by banks are acquired by the lenders themselves, as prices are failing to attract private buyers.