The ability to proceed to transfers real estateeven if urban and legal arrangements have not been completed, it is expected to give the Ministry of National Economy and Finance to management companies and banks, so that about 25,000 properties they have on their balance sheets, essentially stimulating the offer of real estate. At the same time, banks are expected to be given the opportunity to grant a loan to interested parties to acquire auction home, guaranteeing the property itself.
According to reports, these two institutional interventions by the Ministry of Finance have been requested by Servicers and Banks, pointing out issues that prevent the market for real estate. And that, at a time when it is demanded that the offer of houses be reinforced immediately to meet the high demand noted for the “My Home 2” program, where banks approve the loans, but they cannot be disbursed if the applicant has not found the property.
Overall, real estate that has banks and services are estimated at about 25,000. Piraeus Bank and Intrum manage about 10,000 properties, Dovalue about 3,500-4,000, National Bank of about 4,000, Eurobank about 1,800-2,000, Alpha Bank and CEPAL approximately 2,500-3,000 properties, while the rest are in portfolios of other banks and managers.
Yesterday, speaking on SKAI radio, Prime Minister Kyriakos Mitsotakis said, referring to the housing issue, that “My House 1” and “My Home 2” are successful programs, but the problem is the offer. “We need to find ways to get the market out on the market,” the prime minister said, announcing that the government will also do social residence, but the basic emphasis will be given to supporting tenants’ income and to open the closed houses. “It will be done with motivation and disincentives and suitable financial tools. These will concern us at the TIF, “the prime minister said.
Servicers and banks have highlighted the long delays in the land registry and urban planning resulted in the transfer of real estate from 8 months to 4 years, if there are arbitrariness to settlement, legal issues, many co -owners, etc. And they estimate that about 10,000 properties could be available for sale immediately if any of their pending is allowed to be closed by the buyer.
As for the issue of auctions, through which 75% of the auctioning real estate ends in the banks, it has been requested to make the auction deadlines shorter for auction (today, if there is no bidder, each subsequent auction of 2-3 debtors), on the other hand, the possibility of funding from the banks of third -party candidates, by putting the property itself securing the loan itself.