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ECB Insists on Property Auctions Across Greece

An "effective auction system is an important part of the work" in cutting bad loans in Greece, the head of the European Central Bank...

More Than 40 Greek Hotels to be Auctioned off in 2018

More than 40 hotels all over Greece are expected to be sold in 2018 with high and non-performing loans being the main reason for...

2017: The Year More Greeks Lost their Dignity

One of the (vague) election pledges of Alexis Tsipras was that his administration would restore the lost dignity of Greeks. That was also one...

Greek Gov’t to Pass Bill to Penalize Those who Obstruct Auctions (video)

The Greek government on Wednesday, brought to parliament a new amendment according to which people who will try to obstruct auctions of foreclosed homes,...

‘I Would Rather Demolish it!’ Anger in Greece as Foreclosure Auctions Gather Pace

Increasing number of indebted Greek homeowners express concern about the fate of their property, despite assurances by the Greek government that primary homes will...

Low Cost Homes to be Auctioned, Despite Government’s Claim of Primary Residence Protection

Greek society continues to react as foreclosed homes that are worth less than 100,000 euros are to be auctioned, despite the Greek government's claim...

Chinese Investors Look for Bargains in Foreclosure Auctions in Greece

Chinese investors are embracing online foreclosure auctions in Greece, while demand for buying real estate property in Greece has gone up 158.5%, according to...

Greek Gov’t: We will Protect Homes of Working Class from being Auctioned

The Greek government will protect the primary residences of low income families from being auctioned off, government spokesperson Dimitris Tzanakopoulos said on Thursday. The statement...

Online Foreclosure Auctions in Greece to Begin Wednesday

The first ten electronic foreclosure auctions will be held on Wednesday, following the decision of the General Assembly of the Athens-Piraeus Notaries to suspend...

Greece’s Creditors Push for Foreclosure Auctions

Greece's creditors are pushing the Greek government to solve the issue of foreclosure auctions, in order to restore stability in the banking system and...

Piraeus Bank to Hold Property Auction Online

Piraeus Bank is holding its second e-auction for the sale of bank-held properties. The auction will take place on October 24 and 25 via properties4sale.gr;...

5,000 Greek Properties Under the Electronic Auction System by End of 2017

Despite the SYRIZA-led government’s promises that no house will be repossessed and sold by the banks, the new system of online real estate auctions...

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