A central bet for the next three years for banks is the development of operations in retail financing. We are talking about housing and consumer loans, the disbursements of which remain at low levels compared to the period of overdevelopment of the sector in the 2000s, after the country’s entry into the euro. This is … Read more
The Authorities introduced an extension of the Fogaes Housing program till the top of this 12 months. This measure permits a state assure of as much as 10% of the property’s buy worth. A number of days in the past, the Authorities introduced the growth of the state assure program, so-called Fogaes Housingwhich makes it … Read more
At 15-year highs, the installments of the vast majority of housing loans have stabilized during the last yr. They might have climbed even greater if the banks had not proceeded final April to freeze benchmarks linked to particular financings. Since then, the price of cash within the eurozone has been boosted by 100 foundation factors, … Read more
Lately, Infonavit introduced that with the purpose that the beneficiaries in addition to their households can get pleasure from their proper to credit score and purchase their dwelling, it carried out a discount in quote time to acquire funding. It needs to be famous that Beforehand, folks needed to have no less than 12 months … Read more
With mortgage disbursement charges remaining subdued in 2024, banks are searching for methods to spice up new lending. In keeping with the most recent information revealed by the Financial institution of Greece, within the first quarter of 2024, the worth of recent contracts within the class amounted to 321 million euros. Though enhanced in comparison … Read more
The new regulations linked to the increase in the Golden Visa acquisition limits and short-term leases as well as the ceiling of the Bank of Greece in the granting of housing loans change the current data in the real estate market. How will they affect her and in what way? More generally, what are the … Read more
The Minister of National Economy and Finance called on the banks to keep “frozen” interest rates on mortgage loans after May, when the support program ends. It is recalled that informed borrowers are under protection (from May 2023) after the banks’ decision to “freeze” mortgage interest rates in consultation with the government for one year. … Read more
The Minister of National Economy and Finance, Kostis Hatzidakis, asked the banks to maintain the low mortgage interest rates this year, speaking this morning on SKAI TV. “We not only hope, but cannot imagine that the banks will not extend the lower mortgage rates they adopted last year for a year. Because interest rates at … Read more