Stelios Pitsiorlas: Government to subsidise mortgage loans

The Greek government will begin implementing a measure to subsidise mortgage loans from January 1, 2019, covering up to 95 pct of the loan for families with an annual income of up to 8,500 euros, Alternate Economy and Development Minister Stelios Pitsiorlas said on Friday.

Speaking in Parliament, Pitsiorlas said the measure will cover 50 pct of mortgage loans, reaching up to 95 pct of the loan for families with an annual income of up to 8,500 euros. “This measure will mean that loans will be properly paid and that there will be no need for the guarantee to pay,” the minister said, adding that the country must deal the problem of non-performing loans in its totality. He said that an omnibus bill voted in Parliament in June offered some clear improvements, expanding protection for business loans along with family loans.

Source ANA-MPA
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