Starting in the summer, the National Bank of Greece (NBG) is preparing to debut its own online platform for property auctions, as was recently announced by George Frangou, the head of group real estate at NBG. This move follows in the footsteps of Piraeus Bank, the country's current largest lender.
In 2017, Piraeus Bank was the country's first lender to release its own online property auctions through their site properties4sale.gr - which focuses on assets tied to non-performing loans. The site so far sees the sales of approximately 300 properties per year, and NBG is hoping to see similar success.
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