×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
25
Jan 2026
weather symbol
Athens 15°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Property foreclosure procedures “freeze” until further notice

Government rejects ND amendment for fear of unilateral action against creditors

Newsroom October 19 09:53

The scheduled weekly auctions for main residences, held every Wednesday, have been suspended, as the notaries’ association decided to abstain from its duties until the government reaches a final decision on the matter. The Greek government’s rejection of an amendment tabled by opposition party New Democracy, favourable to first residence owners, reveals it finds itself between a rock and hard place on then matter. On the one hand, the Greek government has to live up to its public promises that it would safeguard the properties of poor people, while on the other hand it fears any initiatives it might undertake in that direction, without informing Greece’s creditors, could be construed as a unilateral action by the latter. Deputy Research and Technology Minister Kostas Fotakis justified the government’s decision to turn down the proposed amendment by saying that it had a draft bill in the pipelines addressing all the pending issues. The gist of New Democracy’s proposal provided the suspension of any foreclosures until December 31, 2017, under specific conditions, including proof that the house was used as the main residence of the citizen; the amount of monthly disposable family income did exceed a certain level; the objective property value was below a certain level for singles and couples etc.

Ask me anything

Explore related questions

#auction#foreclosure#greece#greek#homeowners#houses property#notaries#residence#suspension
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Greece–Italy 12–5: Historic bronze medal at the European Water Polo Championship

January 25, 2026

The path of the patricide—from prison for the murder of his mother to admission to Dromokaiteio and his discharge

January 25, 2026

“We have appealed to the Council of State, to ministries, we asked for the intervention of the Transparency Authority—no one is doing anything,” says the mayor of Milos about the new environmental crime

January 25, 2026

“My child, I’m dying now, don’t hurt me anymore”: the last words of the 80-year-old before being killed by his son

January 25, 2026

Smiling climber Alex Honnold waves to onlookers watching him from inside the skyscraper in Taiwan – watch the video

January 25, 2026

New “ecological crime” with a five-star hotel in Mytakas, Milos, next to Sarakiniko – watch the video

January 25, 2026

Mitsotakis: Europe must remain united and maintain channels of cooperation with the US, even in times of tension – We seek an active role in Gaza

January 25, 2026

Week of pay rises for about 1 million private-sector employees due to changes in direct taxation – See examples

January 25, 2026
All News

> World

Smiling climber Alex Honnold waves to onlookers watching him from inside the skyscraper in Taiwan – watch the video

Using mainly his legs, Alex Honnold reached the top of the world’s 11th-tallest building – He described the fee he received as “awkwardly large” – The climb had originally been scheduled for Friday but was postponed due to weather conditions

January 25, 2026

A university in Texas banned a professor from teaching Plato

January 25, 2026

ICE agents shot and killed a protester in Minneapolis (videos)

January 24, 2026

“The Discombobulator”: Trump’s revelation about the secret weapon the U.S. used during the capture of Maduro in Venezuela

January 24, 2026

War in Ukraine: Diplomacy in Abu Dhabi, Bombardments in Kyiv and Kharkiv

January 24, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα