Government considers extending tax suspension for real estate
The Greek government is seriously considering the possibility of maintaining the suspension of Value Added Tax (VAT) on newly built properties. At the same time, the extension of the suspension of the capital gains tax on real estate sales is also on the discussion table, with the aim of stimulating the market.
This measure has been applied in recent years to help the construction sector, which had been significantly affected by the economic crisis. The government believes that maintaining this regime will encourage investment and help develop construction activity throughout the country.
However, the construction sector in Greece continues to face serious challenges. Despite tax incentives, the high cost of materials and the shortage of skilled labor make it difficult to complete new projects, affecting the supply of housing in the market.
Experts are closely monitoring developments, as this decision will determine the future of many investment plans. The government is expected to announce its final decisions in the coming period, taking into account both the needs of the market and the country's fiscal capabilities.