Levers which could, in fact, provide counter-incentives to increase supply real estate (both new and old) against the whole turn, otherwise, in this direction (including the increase of the housing stock) the government is preparing.
These measures, which if aimed at clarifying the landscape of debtors (or who owes where and how much) will affect the course of the real estate market, especially from the supply side. What are these levers? On the one hand, Credit Rating Registry (to the public and perhaps also to property owners) and on the other hand the Credit Register (to banks etc.).
The The Credit Capacity Register will gather data in relation to the State’s defaulters, while the possibility remains open to establish the possibility of registering both defaulters and good-paying leases (rents)..
The Credit Registry will collect data on bad payers, but also good payers of banks and servicers (something that is already “playing” through the “Teiresias” system). Each debtor, based on whether and to what extent he is a good or bad payer, either of the public sector, or of the financial sector, etc. will compile an overall score that will shape the individual credit profile of…
Based on this profile (i.e. from the total degree of “compliance” with his obligations towards the tax authorities, the funds, the banks, the servicers and possibly the … house-households) each citizen will have more, less or … no access to credits from the financial sector or possibly to one or the other regulation of his debts and in fact, according to the thoughts of some circles in the government, not only to the banks or servicers but also to the State (given that, for example, EFKA is preparing its own mapping of its debtors with the aim of formulating personalized arrangements, while similar processes are also being considered in AADE).
The acquisition of such symmetrical information on the one hand by those who hold in their hands the financial liquidity in terms of credit – i.e. the banks, which will also acquire knowledge about the good payers or bad payers of the State – and on the other hand those who hold in their hands the ownership of real estate (provided the government establishes the registration in the Credit Evaluation Register of good payers and non-paying rents), will essentially create a situation where it will have very significant consequences on the already …suffering real estate market:
Banks will not give loans to defaulters of the State (whom they will know in contrast to what has been the case so far) and not only to defaulters as is the case until now.
This could – according to the opinion of analysts contacted by newsit.gr – potentially limit the housing loans granted by Greek banks, which would obviously have a negative effect on the increase in the supply of real estate…
Although the flow of housing loans is expected to reach 2.2 billion euros this year, the overall picture for the last 6 years (2019 – 2025) is not particularly encouraging.
According to what the general secretary of the Ministry of Finance for private debt issues, Theoni Alambasis, stated at the Prodexpo conference on October 22, 2025, according to what emerges from reports by the Bank of Greece, while in the period 2003 – 2009 (i.e. before the Memoranda) mortgage loans amounting to 11 billion euros were granted monthly on average, in the period 2019 – 2025 only 1 billion euros were given.
Landlords will not rent properties to rent defaulters if the former are introduced (with the tenants’ permission) to see whether or not their prospective tenants have been consistent in the past.
This may lead, as the government hopes, to the following: Some landlords will “open up” their “closed” properties as – with the permission of prospective tenants – they will be able to see their consistency profile and if it is positive, they will rent them out.
This will increase the supply of properties and reduce their prices. On the other hand, however, certain tenants will be excluded, who, due to past financial weakness, could not be consistent in their obligations towards previous landlords.