Changes in the real estate market in 2024

real estate Property market in Greece set to rebound after covid-19

A series of changes are expected in how property owners and real estate are taxed from the beginning of 2024, with most focusing on facilitating citizens. Interventions that will change the map in the short-term rental market are also imminent.

The changes to be carried out aim at:

- Make the process of transferring or acquiring a property easier for the taxpayer, significantly reducing the time required to do so, as well as the volume of supporting documents required.
- Enhance tax justice. Especially in the case of short-term leases, an attempt is made to equate these properties with hotels as far as this is possible.

Therefore, the Tax Office will treat those who operate more than two properties as entrepreneurs, meaning they will have to follow a specific road map.

READ MORE: Government’s Migration Strategy and Measures: Focus on Legal Migration and Anti-Trafficking Policy.

Copyright Greekcitytimes 2024