The real estate market is expecting a 24% VAT halt on new construction, expecting an increase in home sales and overseas capital to be invested in domestic real estate.
At the same time, the suspension of VAT on transfers is also being considered for unsold properties built in recent years. However, this scenario, according to The News, faces several technical difficulties.
The market expects that properties that remain unsold in the hands of developers will be easier to sell. It is estimated that today newly built unsold properties reach 100,000.
Real estate data shows that 7 out of 10 real estate buyers prefer old real estate over 30 years old.
Source – aftodioikisi.gr