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Real Estate News: VAT Postponement on New Constructions for 3 Years

Posted by admin on September 11, 2019
| 0

Real Estate boosts its performance after Greek Prime Minister’s big announcement.

Real Estate News: VAT Postponement on New Constructions for 3 Years 1

The new Bill proposed by the Prime Minister of Greece about New Constructions & Newly Built properties, is estimated to be applied on October 2019, availing property buyers and investors that we hesitating to keep up with their processes, because of the current high taxation rates.

So, on the upcoming months, we are expecting the postponement of the 24% VAT on New Constructions and also, a 40% discount on the cost of Renovations & Building Upgrades. Furthermore the new bill postpones the property’s special assessment tax.

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