By Vangelis Dourakis

‘Tiresias’ and for bad payers: Very soon every property owner before agreeing with one tenant He will be able to access his financial “profile” and find out if he is used to leaving … “feasts” or consistent. In this way he will know in advance who he has against him and if he comes to him … Most High Company will easily make his decision on whether he will accept him in his property.

On the other hand, of course, anyone who does not have a burden of credit profile will be able to negotiate with the owner of the property a better rent Unlike someone else who is charged with arrears either to the tax office and the insurance funds or to other private sector bodies.

Big Brother for bad payers

The relevant register is in the “works” and will in any case facilitate several landlords, who are currently at risk of paying “inflated” taxes from unprofitable rents if they do not resort to justice, which may have been avoided if they had avoided their payment.

In essence there will be a register that includes tenants’ details and their profile. That is, if they have left unpaid rents to the previous owner or if they have unpaid electricity or water bills.

The owner will be able to find out if the candidate is left to leave in previousif he requests him to provide a solvency certificate issued by the new platform.

The fact that many owners do not know who they deal with has also contributed to the phenomenon of unpaid rentals, where many not only do not collect what they have agreed, but are at risk of paying extra tax by up to 45%if they do not resort to specific legal actions.

A solvency certificate will therefore be issued that will certify that one has no arrears in the public or private sector and will be able to secure any natural or legal person who wants to conclude any private contract, such as renting a property.

In this context, the creation of a private debt monitoring register, which has been introduced since 2022, is promoted, but has not been implemented to date.

It is a project that will allow both public and private creditors to better manage the debts of both natural and legal persons (anonymous of course) through targeted interventions, but also to documenting solvency.

Especially this latter part is estimated to be able to be used in the housing market so that any interested tenant can substantiate his solvency to the owner, providing the relevant copy granted by the registration.

The project is funded by the recovery fund and is estimated to be completed in May 2026.

When will the new platform be activated

The platform that will grade the credentials of each natural or legal person will operate pilotically within 2026 (and specifically in May 2026) and in accordance with the timetable of the General Secretariat for Private Debt Management, to which it will belong, it will “produce” the first results at the beginning of 2027.

The certificate will be drawn by the natural person who wants to make a transaction, at the request, through the credit rating system.

The credit rating information system will draw data from the private debt monitoring register, which will raise all debts from public and private sector creditors.

The debt data will be provided up -to -date by creditors in the register every six months and includes the debts of natural and legal persons (overdue and non -overdue), as well as the paid debts.

During its initial operation, the Registry will interfere and draw data in anonymous form from the State and Social Security Bodies, financial entities through the Central Credit Registry kept in the BoG and the Tiresia Economic Data Processing System.

Subsequently, the integration of creditors of the wider state and purely private sector (such as Municipalities, NPDs, Energy and Water Companies, Telecommunications Companies, Retail Companies, Real Estate Owners for Real Estate Rents, etc.) will follow.

The credit rating will be produced by an automated process and by the use of algorithm.