Buying or renting a property has become an unattainable dream for
Buying or renting a property has become an unattainable dream for a large portion of the population, a reality confirmed by the latest Alpha Bank report published yesterday. Despite recent Greek government initiatives, the housing crisis remains acute.
Demand continues to outpace supply, and the need to inject more properties into the market is more urgent than ever.
Bad Loans and Loan Servicers
These fall into two main categories and could provide much-needed relief to the housing market.
The first category includes an estimated 700,000 properties currently held by loan management companies. These cannot be sold on the market without the borrower’s consent. In such cases, servicers are already proposing “consensual sales” to the borrowers, allowing the property to be sold with the borrower’s agreement.
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