The Greek government has initiated a new measure that facilitates the quick transfer of seized real estate, aimed at enabling debtors to release their properties, complete transactions, and pay back their tax debts. This new provision, part of the legislation introduced by Minister of Labor Kostis Hatzidakis, aims to create a more citizen-friendly state and has been opened for public consultation. Under the current system, any transfer of a seized property can be reversed at any moment by tax authorities, creating significant uncertainty for debtors.

With the introduction of this regulation, individuals gain the ability to free their properties from seizure and proceed with transfers, while the Independent Authority for Public Revenue (AADE) is guaranteed to collect the owed amount through a mandatory withholding of a portion of the sale price. This amount must not be less than 25% of the debt owed. If the sale price is less than 25% of the owed amount, the AADE will be satisfied with the entire amount, ensuring that tax debts can be settled efficiently and reducing the burden on debtors.

This reform is seen as a step towards enhancing the effectiveness of the tax collection process while also providing relief to individuals struggling with debts related to seized properties. It reflects the government's effort to balance the needs of tax collection with the rights of citizens facing financial difficulties, thus promoting a more supportive environment for economic recovery through real estate transactions.