DISY proposes six-month freeze on primary residence foreclosures

The Democratic Rally (DISY) party has proposed a minimum six-month moratorium on the foreclosure of primary residences valued up to 400,000 euros. The proposal is motivated by concerns regarding economic instability stemming from the ongoing conflict in the Middle East. DISY argues that the government should utilize this period to develop a structured plan to protect vulnerable borrowers. The party referenced its previous government initiatives, such as the Estia, Oikia, and Rent-for-Installment schemes, as templates for future policy. They maintain that the state must fulfill its social responsibility by implementing measures based on specific income and social criteria. The official statement emphasizes the need to study potential economic scenarios and reaction plans to mitigate regional geopolitical risks. There have been no immediate responses from the current government regarding the implementation of this specific proposal.