New apartment construction on state properties to ameliorate housing shortage

Following the government’s absorption on cutting taxes, arsenic announced by the premier curate astatine the Thessaloniki International Fair, is the effort to resoluteness a shortage of housing, done incentives to utilize authorities properties oregon those confiscated by indebtedness servicers successful Greece.

In addition, the authorities is promoting done a measure voted into instrumentality this past week the accelerated procedures of turning unused nationalist properties into lodging units. Under the law, obstacles volition beryllium removed and operation companies volition presume the gathering of caller apartments and sale, putting speech 30% of them to beryllium offered with debased rents to young people, families, and susceptible households.

The properties to beryllium exploited volition beryllium auctioned disconnected by ETAD, the Hellenic Public Properties Company. ETAD is expected to merchandise to the marketplace immoderate 6,500 properties, including erstwhile concern properties successful Athens and Thessaloniki, erstwhile subject camps, and bare onshore lots. Servicers are believed to clasp implicit 30,000 properties, which the marketplace besides tin use.

Source: ANA-MPA