Significant obstacles to the disposal of thousands real estate stagnant to banks And management companies are expected to lift the new Code of Code of Civil Procedure to be voted on, speeding up the transfers of these properties, reinforcing the market stock in the market and balancing prices.
The “emptying” of the 25,000 property stocks, as calculated, by banks and management companies, had been prioritized by Finance Minister Kyriakos Pierrakakis, given the strong housing problem facing the country.
My home 2 program that the government has created to tackle the problem does not “pull” as expectations, as despite the high demand and approvals from banks, there are no proper, market real estate available.
In addition, according to Eurostat data, Greece is in the most difficult position among the Member States of the European Union regarding how accessible the roof is. A study by the Bank of Greece finds that in Greece almost 1/3 of households spent more than 40% of its available income to cover housing costs.
In this context, it is obvious that its criticism of obstacles, legal and technical, are being criticized that obstruct the rapid mood of real estate on the market. The market awaits improvements to the new Code of Civil Procedure, and whether the transfers of non -settlement real estate will be allowed by services and banks.
However, the services, who are also those who have the bulk of real estate for disposal, have submitted to the Ministry of Finance, a series of proposals to resolve real estate transfers malfunctions, which the financial staff has taken seriously. These proposals mainly relate to:
- Delays in issuing payment orders, in particular in major courts and courts, which lead to significant receipts and inability to activate the enforcement procedure. Servicers have proposed the abolition of quantitative restrictions, expanding electronic applications and set deadlines for trial of opposition.
- Years of delays in the trial of rivalry in execution, which are deterrent to the auctioners and undermine the auction liquidity. Servicers have proposed to create an electronic platform for the recording and proceedings of all relevant oppositions within one year of the auction.
- Delays of notaries and Deposits & Loans Fund. Servicers have proposed the establishment of explicit deadlines and the possibility of replacing inert notaries, as well as the abolition of the deposit in IT & D, given the existence of professional accounts to notaries.
- Significant delays in mortgages and land registry regarding the registration and issuance of transcription operations.
- The ambiguity of automated auctions and the recaller of August, as provided for in the Code of Civil Procedure, which cause delays and cancellations of procedures.
- The delay in appointing guardians in school legacies that prevents the collection of claims and deprives public revenue. It is proposed to establish a temporary guardian by judicial decision and the accessibility of lenders’ inherited property.
- The obstacles created by Article 997 of the Code of Lenten Relations, which propose amendments to make the successful access to the relevant leases within specific deadlines.
- Problems with virtual or later leases. The loss of the deadline for delayed transfer and the conclusion of virtual leases after the seizure require legislative intervention and compulsory administration of inventors at the same time with the transcription application.