The Ministry of Finance (Ministry of Finance) has placed the issue of the housing crisis very high on the agenda, launching direct interventions in banks in order to drop the real estate of their portfolio in the market, although there are “thorns” to overcome.
As officials of the Ministry of Finance complain, the government is even working on scenarios for doubling the ENFIA that banks and servicers pay for the properties they hold, in order to exert pressure for their quick disposal on the housing market.
In fact, it is estimated that from the stock of properties held by financial institutions in their portfolios, at least 15,000 of them could immediately fall on the market.
However, the contacts between the Ministry of Finance and banks have still not reached a definitive model on the basis of which this could be implemented.
Ministry of Finance sources at newsit.grreport that there is a basic objection from the banks’ side, which concerns the settlement issue. And this, the procedures are time-consuming as a result of which thousands of properties remain “trapped” in the portfolios of the banks, as they are “stuck” for issues concerning the Land Registry, Justice, etc., with the result that they cannot be transferred.
The same sources of the Ministry of Finance underline that from the point of view of the financial staff, an effort is being made to find ways to deal with the bureaucratic problems in order to speed up the procedures. After all, both sides are “working” in this direction and the goal is to quickly find the appropriate formula so that around 15,000 houses are immediately available to the citizens.