Real Estate: 17 out of 123 e-auctions concluded across Greece on Wednesday

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Real Estate: 17 out of 123 e-auctions concluded across Greece on WednesdayThe recovery of Greece's crisis stricken real estate market is critical for strengthening the tourist industry

Seventy-one out of 123 electronic auctions of foreclosed property taking place around Greece on Wednesday were successfully concluded, with a highest bidder declared.

No bids were received in 38 e-auctions, while 14 were postponed and shall be repeated.

Resuming auctions of foreclosed properties, primarily by lien-holding commercial banks, has been a strong demand by Greece's institutional creditors in order to, among others, reducing the massive debt load entailed in non-performing loans (NPLs) burdening banks' portfolios.

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons Copyright: Mantobount.emp License: CC-BY-SA

Source: naftemporiki.gr

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