Finance Ministry Considers Freezing Objective Values of Properties
Real estate market professionals suggest that increasing the value of homes eligible for subsidized rates will be crucial for the success of the second round of mortgage subsidies. The Ministry of Finance is contemplating freezing the taxable property rates, known as “objective values,” to tackle the housing issue. These measures, in addition to the ones announced by Prime Minister Mitsotakis, aim to stabilize the housing market and provide relief to homeowners.
In response to the soaring housing prices, the government plans to raise the loan ceiling to €200,000 and extend the suspension of VAT and capital gains tax on properties until 2025. These initiatives, backed by a €2 billion fund from the EU’s Recovery and Resilience Fund, aim to address the housing crisis and promote affordability in the real estate market.
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