How “closed” are banks’ real estate, because they do not “open” and when they will “open”

In ‘doses’ and by the end of 2026 it is expected that the banks and the Servicers Management Companies real estatewhich have in their portfolio.

This is reported by well -informed sources of Newsit.gr in the banking industry, noting that the crowd of 25,000 properties allegedly have in their portfolios by banks and servicers (red mortgages), only 10,000 are “immediate useful” and difficulty.

There are three main reasons why not all real estate and service real estate can go on the market, Not even quickly, while banks are not “burning” to increase the lending of acquisition of old property, according to the same sources:

1. The first reason is that the services cannot … contact 1 in 2 of the debtors (due to the refusal of the latter), so that the process of transferring their property to Servicers will run.
2. The second reason is that more than 70% of debtors continue to … reside in the property (and in this respect their properties are not exactly … “closed”) which must be transferred to banks or services, exhausting any legal margin in order to avoid auction.
3. The third reason is that banks -beyond that they cannot “technically” overcome the two difficulties above -they generally prefer to give a new housing loan to buy a new real estate than to give a loan to buy one of their -as a rule – (and thus the value of their portfolio is left).

Analogy to the aforementioned (3rd) reason is that banks should contribute to themselves, to run

The above reasons are deprived of the real estate market more than half of the properties (ie 20,000 – 25,000 out of a total of 40,000), which they need to stop – at least – the above increase in property prices, according to the same sources.

The others just below half of the real estate can be market through the incentives the government has provided to those who keep their apartments closed for 3 years (tax -exempt taxation), but also through the auction acceleration.

In this respect, the same sources point out that only the real estate of banks and services can become game changers, that is, to “change the game”, although the government continues the pressure on the side of the above bodies.

At the same time, the question remains open whether the government could facilitate housing loans – beyond my home 2 – through a permanent interest rate subsidy mechanism.

In addition to the above factors that brake the increase in real estate supply, there is also the decision of the Council of State, which deemed unconstitutional the new building regulation (NOK), which has significantly reduced the construction of new buildings.