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🇬🇷 Greece /Economy & Trade

Non-performing loans: The fine print of the new measures and warnings over housing prices

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

Analysis Named sources New plan
  • Representatives from Greece’s housing and lending markets reviewed new measures announced by the prime minister.
  • They said the announcements do not resolve all major problems, while lawyer Susanna Klementidou warned that My Home 3 could raise housing prices.
  • The article says no substantial new measure for non-performing loans was announced.

The government’s new measures for borrowers and the housing market have left market representatives questioning whether the main problems have really been addressed.

Following the prime minister’s announcements, representatives of the sector examined the details of the plans. Their assessment was critical: the measures, they said, do not cover all of the market’s basic problems.

Susanna Klementidou, a lawyer specializing in borrower issues, said the proposals on non-performing loans contained no substantial new measure. She also warned that the My Home 3 program could push housing prices higher.

My Home 3 could raise prices.

· Susanna KlementidouThe borrowers’ rights lawyer warned about the potential effect of the housing program on prices.
About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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