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Privatization in Greece has been delayed for decades and should start immediately

22 February 2012 / 18:02:56  GRReporter
8153 reads

The lawyer Stratis Stratigis explained the importance of the right of property surface areas, which was reinstated in Greek law two years ago. It offers investors the opportunity to acquire ownership of the surface area of a single property for a specified period of time. Thus, the state keeps its ownership of the property until it receives revenue and profits from the rise in its market price. During the discussion, it was stated that Western investors prefer the right of surface, while those from the East prefer the traditional purchase of properties.

Tags: EconomyPoliticsPrivatizationPublic property utilizationNikolaos KaramouzisStafnos Manos
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