Wave of 30,000 Residential Properties Coming to Greek Market by 2027
Over the next two years, Greece is poised to see a surge in residential property listings, with an estimated 30,000 homes set to enter the market by 2027. Over the next two years, Greece is expected to see a wave of residential properties entering the market, with approximately 30,000 homes projected to be released by 2027. These properties are being made available by banks and loan servicing companies, known as servicers, which have acquired them mainly through foreclosure processes. Currently undergoing legal and technical clearance, the properties are being prepared for smooth, unencumbered sales. This growing inventory comes from several key players in the Greek financial sector. Intrum Hellas, through its subsidiary REOc, manages around 11,000 properties, including 5,000 homes. It plans to sell 2,500 of these by the end of 2025, with a total estimated value of €350 million, and expects to release the remaining stock by 2027.
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