Despite the rise in property prices, property transfers increased by 20% in the first half of 2024 compared to the same period in 2023, totaling 302.49 million euros in state revenues. The Municipality of Athens saw the highest number of real estate sales, signaling a positive trend in the market.
While there was a slight dip in state revenues in May and June, the government’s new measures, including freezing VAT on new buildings and suspending capital gains tax on real estate sales, aim to stimulate further activity in the sector. Additionally, plans for programs like My Home 2 and Renovate-Rent are expected to boost real estate transfers.
On the other hand, inheritances, donations, and parental benefits experienced a decline, contributing €109.76 million to state coffers. Despite this decrease, the government remains optimistic about the real estate market’s prospects, keeping the taxable rates of real estate unchanged for both 2024 and 2025.
Overall, the state collected a total of €412 million from property sales, inheritances, donations, and parental benefits, highlighting the importance of the real estate sector in contributing to state revenues.
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