Greece Turns Orphaned Properties Into Homes for Vulnerable Families

New authorities aims to streamline idle inheritance absorption and crook abandoned nationalist assets into societal housing

Thousands of properties without progressive heirs in Greece, long near idle, are acceptable to beryllium repurposed nether a new legislative plan, boosting social lodging policy and resolving longstanding bureaucratic deadlocks successful nationalist spot management.

According to the Ministry of Economy and Development, the Independent Authority for Public Revenue (AADE), successful collaboration with the Directorate of Public Benefit Properties, volition nexus the Property Registry with information connected orphaned inheritances. The dual nonsubjective is:

• Identify and clear properties that person reverted to the authorities but stay “frozen.”
• Repurpose them to supply lodging for vulnerable families in urgent need.

Current Challenges

• Around 7,000 inheritance cases without heirs have been identified crossed Greece, galore abandoned oregon unknown.
• Currently, identifying and clearing a spot tin take up to 4 years: 2 years for designation and 2 years for the assignment of executors and completion.
• Of properties cleared, 98% are sold to settee debts, leaving the authorities with astir nary usable existent estate.
• Today, the ministry holds less than 100 “clean” properties originating from orphaned inheritances.

Key Features of the New Legislation

1. Electronic Registry of Public Benefit Properties: Integrated with each different nationalist registries for afloat transparency.
2. Platform for Orphaned Inheritances: Accelerates recognition and heir tracking.
3. Custodian Foundation: A private-law ineligible entity, with a president approved by Parliament and absorption appointed by the Minister of Economy, liable for clearing properties erstwhile heirs cannot beryllium located.

The model aims to reduce waiting times, cut bureaucratic delays, and crook presently abandoned properties into practical lodging solutions for Greece’s astir susceptible citizens.

Economic and Social Impact

• Utilizing orphaned properties tin relieve rental marketplace pressures and strengthen social cohesion.
• The authorities prevents further degradation of nationalist assets, transforming idle properties into tangible economical and societal benefits.
• Transparency and physics oversight reduce the hazard of mismanagement and marque the system sustainable for the agelong term.

With the implementation of this caller law, Greece’s orphaned properties are nary longer conscionable bureaucratic dormant weight. They become tools for societal policy, expanding entree to housing, unlocking economical resources, and turning nationalist assets into real societal benefits.

Source: pagenews.gr

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