An OECD report highlights a staggering 69% rise in Greek housing prices since 2017, worsening the affordability crisis for local families. With nearly 27% of households spending over 40% of their income on housing—compared to a eurozone average of 9.4%—Greece faces the highest housing cost burden in the EU. The report also examines the impact of foreign buyers, rising mortgage risks, and government measures like the golden visa reforms and renovation subsidies.
Tag: Financial stability
Greece's bank bailout fund, the Hellenic Financial Stability Fund (HFSF), will begin selling a stake…
Moody's has upgraded Greece's economic outlook to positive, reflecting significant improvements in the banking sector, robust fiscal performance, and successful structural reforms under Kyriakos Mitsotakis' government. Despite challenges like high public debt, Greece's commitment to fiscal prudence and leveraging EU investments showcases its promising growth potential.
Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greece’s banking sector, which had been heavily supported during the debt crisis.
For the first time since 2008, Greek banks are set to distribute dividends totaling €814 million this summer, marking a significant recovery milestone. The European Central Bank's approval has boosted investor confidence, with analysts forecasting robust future growth.
Turkey's central bank revealed a staggering loss of 818.2 billion lira ($25.25 billion) for the…