The work carried out by the Greek Land Registry was recognized during the “Greece Investment Forum 2024” conference organized by JP Morgan in New York, in which the Greek Prime Minister Kyriakos Mitsotakis also participated.

Specifically, the firm’s analysts referred to the long-term perspective of the Greek economy and the resilience of the banking system, also referring to the need to increase loans after a difficult year due to high interest rates.

American investors focused on Greek banks’ efforts to streamline processes and improve customer service, combined with “government initiatives that facilitate the achievement of the lending target”, singling out the new housing program, as well as digitization of the Land Registry.

It is recalled. that as the competent Deputy Minister, Konstantinos Kyranakis, has stated, it is a commitment of the Government and the Prime Minister personally, that the Land Registry be completed within 2025, while it is expected to be one of the first bodies of the Greek public to provide all the services of digitally.

What JP Morgan was saying 8 months ago

It is noteworthy that, just 8 months ago, JP Morgan was mentioned again in the Greek Land Registry, but not in such a positive way. “The completion of the national Cadastre – a long-term project – will further strengthen the investment climate of Greece”, while he made special reference to the Commission’s urgings to the country “to complete the reform of the Cadastre”.

Sources of the Ministry of Digital Governance state that alongside the land registration, which aims to be completed by the end of 2024, the project of digitizing the file of the Mortgage Offices is also progressing, while from 1/1/2024 the Digital Property Transfer File was implemented , a reform that simplified the buying and selling of real estate between individuals and is soon expected to be extended to other types of transactions.

For his part, the president of the Land Registry, Mr. Stelios Sakaretsios, says: “From an unpleasant exception to an otherwise positive economic climate, within a few months, the Land Registry has managed to be part of the solution and not the problem.”

The completion of the Land Registry is expected to facilitate both the real estate sector and the provision of loans with favorable interest rates to beneficiaries of the “My Home” program or simple willing buyers, who until now have been suffering from legal uncertainty, as well as the chaotic image that prevailed in the past.