"14,000 new auction items in the next10 months - Economic Courier."

After the "dead" period, auctions for debts to the state were reactivated. According to the estimates of the co-founder and CEO of Prosperty, Antonis Markopoulos, "another14,000 properties will be put up for auction in the next10 months, and in the next5-7 years -250,000 properties."

The villa of A. Papargyropoulos was sold for 7.5 million euros. The real estate that will be auctioned in the coming years will significantly impact the image of the Greek market. Over the past four years, Mr. Markopoulos claims that 148,000 properties worth a total of 18.3 billion euros have been put up for auction. However, only 13% of them were sold.

The CEO of Prosperty talks about a special auction market that exists in Greece, also emphasizing that "the difference between the starting and final price is not very large. There are opportunities; we just need to improve the process." According to Mr. Markopoulos's estimates based on data from the Prosperty platform, the real estate market, in general, shows significant demand. The main issue lies in the supply of real estate, especially at good prices. In fact, there is no proper pricing for real estate. In short, despite the challenging economic situation with high interest rates and high costs, demand remains strong because real estate continues to be a safe haven.