concluded informally
Mortgage in Greece
Although the formal issuance of loans in Greece is not prohibited, in practice, banks do not issue loans to either local or foreign property buyers. The exception is the large Greek companies with established reputation in the market.
Loan terms
6–30 years old
Legal entities can try to get a loan secured by real estate in Greece 2-4 years after its purchase. Continue reading
Feast on Olympus: investors are returning to Greece
In the summer of 2017, international rating agencies Standard & Poor’s, Moody’s and Fitch raised Greece’s credit ratings with a positive outlook. Analysts state: the country’s economy is recovering from the crisis. Their optimism is shared by other experts:
According to IMF forecasts, by the end of 2017 Greece’s economy will grow by 1.8%, while the EU forecasts growth of 1.6% in 2017 and 2.5% in the next two years; Continue reading
Barcelona real estate market: 2 months after the split
The last few years the real estate market in Barcelona has experienced a boom. in 2013, prices reached the bottom and began to grow rapidly: according to the portal Idealista, by the third quarter of 2017 they increased by 46% to 4,335 euro / m², almost reaching the pre-crisis maximum of 4,732 euro / m². According to the Barcelona City Government (Ajuntament de Barcelona), the number of real estate transactions increased from 9 thousand in 2013 to more than 14 thousand in 2016. Continue reading
